NEW YORK (TheStreet) -- Everything must go! As shoppers flooded the internet for seasonal deals on Cyber Monday, it was fitting that tech giants and retail names saw some of the biggest sales on Wall Street.
Apple (AAPL) and Tesla (TSLA) dropped 3.6% and 5.5%, respectively, caught up in volatile trading wherein the VIX spiked more than 5%. Apple had recently touched upon all-time highs. Amazon (AMZN) was also dragging on the Nasdaq, falling 3.6%, after filing to sell four tranches of senior unsecured notes which prompted an outlook downgrade to from Moody's.
Watch the video below for a closer look at how U.S. markets ended the trading day Monday:
Chinese internet stocks were hit hard, both due to the tech selloff and the latest reading on the country's manufacturing activity which skirted contraction levels. Alibaba (BABA) slid 5.1%, Baidu (BIDU) dropped 3.5%, and SouFun (SFUN) fell 7.3%.
Investors were running scared from the retail sector, too, after Black Friday sales fell for a second straight year, down 11% to $50.9 billion.
"It may be Black Friday fatigue. Some of the broader consumer trends remain fairly robust," said David Bechtel, principal of Barrow Funds, in a call. Bechtel noted, though, that private sector debt remains far above pre-financial crisis levels, arguing that "at some level that's going to restrain further consumer spending."