US stocks fell in a broad decline on Monday, with the S&P 500
suffering its biggest one-day drop in more than a month, as economic
data indicated weakness across the globe and the holiday shopping season
got off to a tepid start.
The day's losses were broad, with eight of the ten primary S&P 500 sectors lower on the day. Industrials were the day's biggest decliners, pressured by manufacturing data that still pointed to sluggish demand.
Apple was one of the biggest weights on the session, falling 3.2 per cent to $US115.07 in its biggest one-day decline since September. It tumbled shortly after the open in its largest one-minute volume in more than a month in what some traders deemed a "mini-flash crash."
Growth in the US manufacturing sector slowed for a third straight month in November, decelerating to its most sluggish since January, according to Markit. The ISM report also showed a slowing pace of growth, though it was stronger than expected
Read more: Wall Street falls in broad decline, Apple weighs
The day's losses were broad, with eight of the ten primary S&P 500 sectors lower on the day. Industrials were the day's biggest decliners, pressured by manufacturing data that still pointed to sluggish demand.
Apple was one of the biggest weights on the session, falling 3.2 per cent to $US115.07 in its biggest one-day decline since September. It tumbled shortly after the open in its largest one-minute volume in more than a month in what some traders deemed a "mini-flash crash."
Growth in the US manufacturing sector slowed for a third straight month in November, decelerating to its most sluggish since January, according to Markit. The ISM report also showed a slowing pace of growth, though it was stronger than expected
Read more: Wall Street falls in broad decline, Apple weighs
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