The Dow Jones industrial average was down 602.12 points or 2.3 per cent to 25,387.18.
The tech stock tumble came followed an analyst report that suggested Apple significantly cut back orders from one of its suppliers.
Banks and consumer-focused companies and media and communications stocks also took heavy losses Monday. The S&P 500 index was down 54.79 points at 2,726.22, while the Nasdaq composite closed off 2.78 per cent or 206.03 points to 7,200.87. Goldman Sachs was the biggest drag on the Dow, which fell more than 2 per cent. The Nasdaq composite slid 178 points, or 2.4 per cent, to 7,228. The S&P 500 was down 38.05 points, or 1.37 per cent, to 2,742.96, Xinhua news agency reported.
The S&P 500 is up 52.61 points, or 2 percent.
Amid tense recount, Florida Republican poses as U.S. senator-elect
In the Arizona Senate race, Democrat Kyrsten Sinema is ahead of Republican Martha McSally by more than 30,000 votes. Senate seat and the governor's office shrank as more ballots were tallied following last Tuesday's elections.
The Dow is down 702.81 points, or 2.7 percent.
Shares were down 4.7 percent.
Amazon and Alphabet declined 3.35 percent and 1.69 percent, respectively. Traders drew encouragement from a report out of China saying that country's top economic adviser might visit Washington ahead of a planned meeting between Chinese President Xi Jinping and U.S. President Donald Trump at this month's Group of 20 gathering in Argentina.
ASIA'S DAY: Japan's benchmark Nikkei 225 inched up 0.2 per cent to finish at 21,846.48, while Australia's S&P/ASX 200 lost 1.7 per cent to 5,732.80.
Sony's PlayStation Black Friday Deals Rock Deep Discounts On Consoles And PSVR
In addition, Call of Duty: Black Ops 4 is immediately on sale for all PlayStation Plus subscribers as of November 12, 2018. Sony says that its Black Friday offers will be available at participating retailers starting November 16 in the U.S.
Some of the world's largest technology companies, including Amazon and Microsoft, suffered losses on the day as Apple Inc. closed down five per cent.
In Europe, London's FTSE traded lower by 0.2 percent, Germany's DAX was lower by 0.9 percent and France's CAC declined 0.3 percent. The two sides have raised tariffs on billions of dollars of each other's goods in a dispute over USA complaints about Beijing's technology policy.
Global shares were mostly lower Wednesday, after the steepest drop in oil prices in more than three years put investors in a selling mood on Wall Street. Al-Falih, who on Sunday said the kingdom would cut production by more than 500,000 barrels per day in December, said Saudi Arabia gave customers "100 percent of what they asked for".
"The valuation in tech sector could potentially go lower and the semiconductors are really going to weigh in the near-term, especially with the fresh releases in numbers and the China situation", said Lindsey Bell, investment strategist at CFRA Research in NY. Brent crude, used to price worldwide oils, dipped 0.1 percent to close at $70.12 per barrel in London. The euro rose to $1.1252 from $1.1218.
Trump attacks Mueller's Russian Federation inquiry as 'absolutely nuts'
The text of Trump's tweets: "The inner workings of the Mueller investigation are a total mess". Bush and continued serving until 2013, during Obama's second term.
CURRENCIES: The dollar gained 114.01 yen from Monday's 113.84 yen.