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.