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CNN
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U.S. stocks fell on Monday, with the Dow falling more than 300 points as markets capped a record year.

The S&P 500 fell 1%, while the tech-heavy Nasdaq had the biggest decline, down 1.1%, as traders sold Big Tech investments such as Amazon (AMZN), Alphabet (GOOG) and Tesla (TSLA).

Boeing (BA) shares also fell sharply on Monday following the fatal Jeju Air crash, prompting South Korea to order an inspection of all of its 737-800 planes, the Boeing model that crashed. Boeing shares fell over 2% on the news.

The massive Bitcoin rally at the end of the year also fizzled out on Monday and was quoted at $92,000. The cryptocurrency rose to $106,000 earlier this month on hopes that the incoming administration will embrace more crypto-friendly policies.

In the commodities market, natural gas prices rose 20% on Monday to a near two-year high as energy markets braced for a cold snap that could simultaneously boost demand and curb supply.

The shortened trading week due to the Lunar New Year and low volume may increase market volatility and disproportionately impact active buyers and sellers. Additionally, year-end trading moves, in which traders generally seek to lock in profits while often selling losing investments to offset them, can help push stock prices lower.

But even before the holidays, the Dow experienced its longest daily losing streak since 1974. The losses worsened after the Federal Reserve meeting earlier this month. As the central bank delivered a much-anticipated quarter-point interest rate cut, officials lowered their forecast for the number of rate cuts they expect next year, sparking a massive selloff.

Still, the Dow, S&P 500 and Nasdaq are on track for another year of gains.

Of the three, the Nasdaq is expected to post the biggest gains of the year, up more than 31% as of Monday morning.

Looking ahead to next week, the New York Stock Exchange and Nasdaq are expected to close on Thursday, January 9, as part of a national day of mourning honoring former President Jimmy Carter, who will receive a state funeral in Washington, D.C. on that day.

This is a developing story and will be updated.