Masters officials discovered late Friday evening that Woods had taken a bad drop in the second round and should have added two shots to his score.
The 16 first-round losers will drop into a separate repechage competition, which will confusingly be known as the Parker Pen Shield.
Augusta's rules committee deemed Woods had violated one of golf's ball-drop rules during the second round and handed him a two-stroke penalty.
Monday's losses followed falls on Friday when high-tech companies also saw the value of their shares drop on fears of a new round of interest rate rises.
He began the day four shots off the lead, held then by Billy Mayfair - who shot a final round four over 76 to drop out of contention - but caught fire midway through his opening nine holes.
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Though Squaw's most obvious attraction is the mountain's awesome 4, 000 acres of skiable terrain and 2, 850-foot vertical drop, the area abounds with activities year-round, including golf, climbing, horseback riding and hiking.
Scotland's Paul Lawrie, who had started the round in second spot, carded a 73 to drop to sixth overall along with Austria's Markus Brier.
After the first round of voting the country with the fewest votes will drop out and their votes will then be given to the bid ranked second by that voter.
He ignored requests to drop his weapon and with officers fearing for their safety, a live round and a baton round was fired but neither had a significant effect.
Joint leader with England's Nick Dougherty and Spaniard Garrido with a round to play, the 2008 Challenge Tour graduate did not drop a stroke in shooting a four- under-par 67.
That may prove a handy way for Sudan's authorities quietly to drop the whole case, just as Ms Hussein limbers up for the next round.
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