Amazon, Ebay And E-Commerce Giants Hit Hard By Market Selloff

E-Commerce giants Amazon.com, Inc.

and eBay Inc

stocks were hit hard on Monday as a result of Wall Street's market selloff, beginning the first trading day of 2016 on a rocky start. Investors have their eye on Amazon.com as the company is headed for a huge selloff. Amazon's stock is currently trading down 5.28 percent at $640.17 on Monday. Shares of eBay were down 2.95 percent during Monday's mid-day trading session. The e-commerce giant's stock has a 52-week range of $285.25 to $696.44. Amazon's market cap is currently more than $305 billion. eBay's stock lost 0.65 percent during the past week and fell 6.37 percent in the last 4 weeks. The company's shares have outperformed the S&P 500 by 0.18 percent in the past week, however underperformed the index by 4.18 percent in the last 4 weeks. eBay is up 10.32 percent in the last 3-month period. eBay currently has a market cap of $32.02 billion and a P/E ratio of 14.50. The company has a 50-day moving average of $28.43 and a 200 day moving average of $27.11. With Chinese stocks falling to 7 percent, Alibaba Group Holding Ltd

stock is down as well on Monday, dropping 5.48 percent to $76.81. The market pressures on Monday was largely due to China's weak manufacturing survey adding to the growing concerns about the country's economic health, according to

. United States stock indexes fell more than 2 percent on the first trading day of 2016. The Dow Jones industrial average had been losing more than 400 points following weakness in Chinese economic data which reignited fears of a global slowdown. The Dow was down 455.17 points, or 2.61 percent, at 16,969.86, having its worst day in four months. On Monday, the S&P 500 was down 52.95 points, or 2.59 percent, at 1,990.99 and the Nasdaq Composite index was down 157.34 points, or 3.14 percent, at 4,850.07.