Stocks fell on Monday as the intensifying fallout from a U.S. crackdown on Chinese telecom giant Huawei pressured the technology sector.

The Dow Jones Industrial Average declined by 84.1 points to 25,679.90 as Apple lagged. The 30-stock index dropped as much as 203 points earlier in the day. The pulled back 0.7% to 2,840.23, with the tech sector dropping 1.8%. The Nasdaq Composite lagged, dropping 1.46% to 7,702.38.

Alphabet's Google has suspended business with Huawei that involves transferring hardware, software and other technical services. The U.S. search giant's decision follows President Donald Trump's administration adding Huawei to a list that required U.S. companies get a license to do business with the Chinese company. Bloomberg News also reported that companies like Intel, Qualcomm and Broadcom will not supply Huawei until further notice.

"If this remains enforced, it's going to create some opportunity, but clearly companies are working with their compliance departments to get out of the way of this Huawei situation," said Quincy Krosby, chief market strategist at Prudential Financial. That's difficult because "Huawei has its tentacles in so many parts of technology sector. That's why this is not a one-day event."