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) 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) rose after partnering with sports apparel brand Nike (NKE) . The retailer added in-store Nike stores inside more than 600 of its stores, a move which will hopefully draw increased traffic.
Tiffany (TIF) 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%.