Volatility spiked after President-elect Donald Trump took aim at the U.S. dollar and criticized China for what he sees as currency manipulation. Financials were also lower in a pullback from Friday's rally.

Walmart (WMT - Get Report) limited losses on the Dow Jones Industrial Average after announcing plans to create roughly 10,000 U.S. jobs this year. The world's largest retailer previously announced plans to open a number of new stores and expand existing locations.

J.C. Penney (JCP - Get Report) rose after partnering with sports apparel brand Nike (NKE - Get Report) . The retailer added in-store Nike stores inside more than 600 of its stores, a move which will hopefully draw increased traffic.

Tiffany  (TIF - Get Report) suffered a weak holiday season as a scrum of protests, media and security around Trump Tower strangled traffic to its flagship Fifth Avenue store. Sales at the location tumbled 14%.