Elsewhere, tobacco stocks were pressured after The Wall Street Journal reported late Friday that the US Food and Drug Administration was considering a ban on menthol cigarettes.
Amazon slid 4.4 percent to $1,636.85.
The market's slide came after a two-week winning streak. Copper slid 0.3 percent to $2.68 a pound. The Dow was down more than 400 points. The Russell 2000 index of smaller companies gave up 30.70 points, or 2 percent, to 1,518.79.
A holiday in the USA bond markets for Veterans Day could keep trading volumes muted, analysts said.
PG&E tumbled 17.4 percent to $32.98 after the electric utility told regulators that a high-voltage line experienced a problem near the origin of one of the major California wildfires before the blaze started.
Meanwhile, the private-equity firm Veritas Capital and the hedge fund Elliott Management reached an all-cash deal to purchase the USA healthcare software maker Athenahealth for about $5.7 billion, a 12% premium to where shares closed Friday. The stock jumped 9.7 percent to $131.97. Several big retailers are due to deliver results this week, including Walmart, Home Depot, Williams-Sonoma, Nordstrom and J.C. Penney.
"With the bond market closed, there is a lack of catalyst to push the market higher", said Bell.
ENERGY: Benchmark U.S. crude bounced back from 10 days of losses, climbing 0.7 percent to $60.64 per barrel in NY. Saudi Arabian energy minister Khalid al-Falih said Sunday that the kingdom will reduce exports by around 500,000 barrels a day from November to December. Brent crude, used to price worldwide oils, dipped 0.1 percent to close at $70.12 per barrel in London.
Oil prices have fallen around 20 percent in the last month, hit by an increase in global supply and the threat of a slowdown in demand, especially from customers whose currencies have weakened against the dollar and eroded their purchasing power. The euro fell to $1.1240 from $1.1336. Silver lost 0.9 percent to $14.01 an ounce.
MSCI's gauge of stocks across the globe shed 1.19 per cent, on pace for its third straight session of declines.
Gold fell 0.4 percent to $1,203.50 an ounce. Britain's FTSE 100 shed 0.7 percent. Japan's Nikkei 225 added 0.1 percent, while Hong Kong's Hang Seng rose 0.1 percent. Gold has fallen to its lowest level in a month as the U.S. dollar rose.The dollar index which measures the greenback versus a basket of currencies jumped 0.7 per cent on Monday to a 17-month high. The Kospi in South Korea dipped 0.3 percent.