Friday's news hurt stocks again on Monday, as the echoes of a Cisco warning, and trouble for capital equipment makers, continued to reverberate, sending buyers running for cover and sellers watching the elevator go down in moderately heavy volume. The Nasdaq lost 6.30%, falling 129.40 points to trip under 2000 for the first time in over two years. The close was set at 1,923.38. The Dow industrials plunged 4.10%, 436.37 points, to 10,208.25. The S&P 500 fell 4.33%, 53.40 points, to 1,180.02. With no economic data on tap Monday, Treasuries became mired in the dramatic stock selloff, ending the session up substantially in typical flight-to-quality buying, sources said. Treasuries began the day well bid as a result of overnight global equity weakness and kept the bid as Nasdaq slumped below the psychological 2000 level. Volume was fairly light and cash traders said many real money accounts stayed on the sidelines leaving the bulk of the trade activity to spec desks. Equities plunged in late afternoon trade bringing treasuries back to stellar levels. In Chicago, option strategists Monday recommended selling option premium in preparation for a range trade as the Treasury market sits vigil ahead of next week's Federal Open Market Committee meeting. As U.S. stock indices continued to plummet Monday, traders sensibly chose to remain sidelined, watching instead in stunned disbelief. Months ago, before the economic situation in the U.S. tanked, there were hopes that a successor would be picked to pass the baton, with Euroland eyed as the supposed heir-apparent. However, in a world of global equity fall-out and jumpy illiquid emerging markets, no one seems to want to be the leader, each preferring to deal with their own domestic concerns first. The euro-dollar was holding near $0.9292 at the close on Monday.