India, June 22 -- With trading resuming following the long holiday weekend, stocks moved mostly lower during trading on Monday following the strong performance seen during last Friday's session. The tech-heavy Nasdaq showed a significant move to the downside.

The Nasdaq saw continued weakness late in the day, closing down 351.33 points or 1.3 percent at 26,166.60. The S&P 500 also fell 27.79 points or 0.4 percent to 7,472.79, while the narrower Dow bucked the downtrend and rose 148.01 points or 0.3 percent to 51,712.71.

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