The tech-heavy Nasdaq Composite fell 1.58% while the S&P 500 lost 1.12%. The Dow Jones shed 333 points to end the day.

The Dow was lower by around 350 points, or 0.7%, in early-afternoon trading, the S&P 500 lost 1.2% and the Nasdaq Composite was down by 1.6% after a selloff in Big Tech stocks. Shares of Tesla ( TSLA) fell by around 4.5%, while Amazon ( AMZN ), Alphabet ( GOOG ), Microsoft ( MSFT )and Nvidia ( NVDA) were all lower by around 2%.

Stocks closed lower as Wall Street ended a holiday-shortened week on a down note. The S&P 500 fell 1.1% Friday and the the Dow Jones industrial average lost0.8%.