(Reuters) – The main stock indexes in the United States fell for the third consecutive session on Monday, with Microsoft and Apple technology stalwarts dragging the shares and investors preparing for important political and economic events in the US and Europe .
the Dow Jones index fell 0.74 percent to 17,732 points, while the S & P 500 lost 0.81 percent to 2,079 points. The technology index Nasdaq fell 0.94 percent to 4,848 points.
Microsoft fell 2.6 percent after announcing it would buy social network for professionals LinkedIn for 26.2 billion dollars, the largest settlement in its history. Shares of LinkedIn jumped 46.6 percent.
Apple shares fell 1.5 percent, with the iPhone maker holding its developer conference in San Francisco. Adding to the pressures in the technology sector, shares of Facebook fell 2.3 percent after CNBC report that Citron Research was reducing the position in shares.
Economic data in the US expected this week include retail sales on Tuesday. Weaker data from the labor market released earlier this month raised questions about the strength of the economy and the pace of future increases of interest.
“I think the market is nervous about interest rates higher and frankly about the US economy will not be able to overcome this last swing to a full recovery, “said the chief executive of Longbow Asset Management, Jake Dollarhide.
Investors also watched in preparation for the referendum on staying or not Britain in the European Union on June 23
(by Lewis Krauskopf; additional reporting by Yashaswini Swamynathan).
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