US STOCKS-Wall St dips after manufacturing data, Google falls

lunes 2 de junio de 2014 10:42 GYT
 

* Dow, S&P 500 come off fourth month of gains

* Google shares fall, weighing on tech sector

* Broadcom rallies, may sell cellular baseband business

* Indexes down: Dow 0.1 pct, S&P 0.3 pct, Nasdaq 0.6 pct (Updates to open, adds economic data and analyst comment)

By Ryan Vlastelica

NEW YORK, June 2 (Reuters) - U.S. stocks edged lower on Monday, falling from record levels as a weaker-than-expected read on manufacturing gave traders an excuse to sell.

The losses were slight but broad, with all ten of the S&P 500's primary sectors lower on the day, led by tech shares, which fell 0.5 percent.

Equities have been strong lately, with the Dow and S&P ending a fourth straight monthly rise in May and the Nasdaq up for its third straight week last week. However, recent trading has been marked by anemic volume, suggesting the rise has lacked conviction.

Wall Street opened with slight gains but turned lower after data showed that the pace of manufacturing growth had unexpectedly slowed in May. A separate read on construction spending showed less growth than expected in April.   Continuación...