Stocks close in lower on Monday, with the Nasdaq reaching a 2-year low with tech stocks taking a big hit with interest rate spikes.
The Nasdaq closed at 1.04% lower from Friday to $10,542.10, weighted down by stocks such as NVIDIA and AMD.
The S&P also fell 0.75%, along with the DJI, down 0.32%.
Analysts predict that the market will take a deeper dive during the holidays as supply shortages continue to be a key issue around the world.