The pain is not over yet for technology stocks.
The S&P 500's information technology sector fell 1.71 percent on Monday, offsetting a rise of 2.29 percent in financials.
The tech sector, one of the best-performing sectors of 2016, has taken a beating since Republican Donald Trump shocked the world to win the presidential election, falling more than 2 percent since then.
S&P tech sector since 11/8Source: FactSet
"Silicon Valley was not that supportive of Donald Trump, so I think there are some policy fears there," said Brian White, an analyst at Drexel Hamilton. "Silicon Valley was mostly supportive of [Hillary] Clinton. ... So there was more of a shock there than in other industries."
On Sunday, The Global Times, a state-owned newspaper in China, warned the Chinese government could take retaliatory measures against U.S. companies if Trump slapped a large import tariff on Chinese products.
White said he's not fundamentally concerned regarding the tech sector, saying "I highly doubt we're going to go into a trade war with China, which would not help anyone."