Wall St falls as growth stocks, glum China data weigh; Nasdaq slips 0.8%

Apple, Tesla biggest drag on S&P 500 and Nasdaq; Spirit Airlines surges after JetBlue launches hostile takeover

Wall Street's main indexes fell on Monday as downbeat China data added to worries about a global economic slowdown against the backdrop of aggressive policy tightening by the U.S. Federal Reserve.

Chinese and European stock markets fell after data showed China's economic activity cooled sharply in April as COVID-19 lockdowns took a heavy toll on consumption, industrial production and employment.

Seven of the 11 major S&P sectors declined. Technology and consumer discretionary stocks fell 0.8% and 1.7%, respectively.

Big growth companies such as Amazon.com, Alphabet Inc, Microsoft Corp, Apple Inc, Tesla Inc and Nvidia Corp slipped between 0.6% and 3.9%.

Energy shares outperformed and