US stocks fell on Monday due to downgrade of the semiconductor sector and concerns about the effect of rising oil prices on the economy.
The Dow Jones industrial average declined 52.98 points or 0.44 per cent to 12,116.90. The Standard & Poor's 500 Index was down 8.85 points or 0.67 per cent at 1,312.30. The Nasdaq Composite Index fell 37.91 points or 1.36 per cent to 2,746.76.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.