At 09:34 on November 8th EDT (Beijing time at 22:34 on November 8), the Dow Jones Industrial Average fell 49.88 points to 11,394.20 points, down 0.44%; the Nasdaq composite index fell 7.00 points to 2,571.98 points, or 0.27%; Standard & Poor's 500 index fell 4.39 points to 1,221.46 points, down 0.36%.
No major economic data released Monday, the dollar's rise prompted some investors decide to sell stocks to lock in profits, stocks are currently up to September 2008 levels before the collapse of Lehman Brothers.
U.S. market analyst at Miller Tabak, said Marc Pado, "concern the dollar, the dollar fell as the stock market provides an excellent reason to come down. But I think the stock market decline rate will not be great, will not last long, because the market has started to look forward to good news for the fourth quarter. "
He pointed out that the S & P 500 index over the past 10 weeks, there are 9 weeks to rise to 17.9%. Although from the technical side, the market has been overbought, but the U.S. mid-term election results is the market need, quantitative easing policy in line with market expectations, and recent economic data and good than expected.
U.S. stocks rose slightly on Friday, the Dow rose 2.9% last week. The Fed last week decided to implement a new round of quantitative easing policy to stimulate the U.S. economy.
Mike Lenhoff, chief analyst at Brewin Dolphin, said, "The key issue is the current quantitative easing policy has aroused resentment in some countries, the G20 meeting will be held this week."
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