Avie Schneider

Updated at 4:15 p.m. ET

The Dow Jones industrial average lost 459 points Monday, falling 1.9 percent, as tech stocks led the markets down and investors eyed growing trade tensions with China. Earlier in the day, the Dow was down more than 700 points.

Amazon tumbled more than 5 percent after President Trump criticized the company in tweets. The tech-heavy Nasdaq index lost 2.7 percent. The S&P 500 index lost 59 points, or 2.2 percent.

Updated at 5:05 p.m. ET

A day after dropping more than 1,000 points, the Dow rebounded Friday to close up more than 300 points. But the index lost nearly 5 percent for the week as the markets focused on rising interest rates, inflation and ballooning government debt.

Updated at 3:55 p.m. ET.

Federal Reserve policymakers have raised their target for the benchmark federal funds interest rate by a quarter-point, to a range of 1 percent to 1.25 percent.

Apple giveth, Apple taketh away.

Every year about this time, the tech giant unveils its latest iPhone. Company executives proclaim it the best iPhone yet. And fans can't wait to get their hands on the shiny new toys.