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The Dow Jones Industrial Average fell 1.9% on Monday while the S&P 500 was off 2%.
Numerous same headwinds that have weighed on stocks in recent weeks dragged down prices again on the first trading day of April.
Amazon wasn't the only tech stock in trouble.
The key pillars of the bull market - free trade, tech stock leadership and record-low borrowing costs - are being called into question.
"This is definitely a flight to safety type of market", said Peter Jankovskis, co-chief investment officer at Oakbrook Investments.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
"Will the buy-the-dip crowd come back or have we seen a change in investor attitude?" Netflix slid 5 per cent, while chipmakers in the S&P 500 plunged 4.3 per cent thanks to Intel's worst day in two years. Amazon fell into correction territory last week, while Facebook is in bear-market territory, defined as a 20% drop from a peak. Amazon, up 50 per cent in the past year, sank after Donald Trump renewed his attack on the online retailer. And Tesla, the electric-car marker on the defensive following a deadly accident involving its autonomous driving system, was down more than 5%. "You're seeing people coming out of the stocks that had been performing well".
Lok Sabha convenes, Opposition aim to bring in no-confidence motion
After the customary tabling of the papers, Mahajan said 10 MPs from Opposition parties have given notices on no-confidence motion. Soon after the House met, AIADMK, TDP and other opposition members, including those from Congress, began raising slogans.
Avengers Infinity War directors SPEAK OUT on Avengers 4 title mystery
What Could The Title Be? "We don't want to kill you, but we will", she says, channeling Jared Leto's Joker. After all, we know Thanos ( Josh Brolin ) is coming - and he's not messing around this time.
Dover police cracking down on distracted driving
Preliminarily, in 2017, there were nearly 50,000 crashes involving distracted driving in Florida. Police all across CT will be out in full force cracking down on distracted driving.
The Dow, which is now 11.2% below its January 26 all-time high, fell deeper into correction territory.
Among a few bright spots, Humana HUM.N jumped 4.4 percent Reuters reported Walmart WMT.N was in early-stage talks with the health insurer about developing closer ties, with acquisition discussed as one possibility. US stocks are skidding Monday morning after China raised import duties on USA pork, apples and other products.
Tech stocks reversed course on Thursday and the S&P 500 information technology index closed up 2.2 percent after reaching a session high of 3.2 percent, helping push the S&P 500 up 1.4 percent, with the Dow and Nasdaq also rallying.
The weakness in USA stocks comes on the eve of the corporate profit reporting season, which is expected to be strong.
Stocks shot up earlier in the week as comments from officials in the United States and China suggested the world's two largest economies would renegotiate tariffs and trade imbalances, averting a trade war. The S&P 500 was down 45 points, or 1.7 percent, at 2,595 and the Nasdaq Composite was down 156 points, or 2.2 percent, at 6,907.
More: Should 401 (k) stock investors fear Dow's first quarterly loss since 2015?
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