NEW YORK: The week began on a low note, TECHNOLOGY weighed, the DJIA -0.3% – Swedish newspaper Svenska Dagbladet

The Dow Jones industrial average closed 0.3 percent lower on the index level of 17,781, while the broader S & amp; P 500 fell 0.7 percent to 2,053. Technology-heavy Nasdaq Composite fell 1.3 percent to 4727.

sales amounted to about 750 million on the New York börsern and 1.9 billion shares on the Nasdaq.

Even during the night of Monday, began what would become a series of reports that showed industrial PMI below expectations, then China’s PMI for manufacturing sector unexpectedly fell to eight-month low 50.3 in November, compared with 50.8 months before. According to Bloomberg News survey was expected purchasing managers’ index to fall to 50.5.

“Chinese data begins to give investors reason to brood over global growth,” said Bill Schultz, chief investors McQueen, Ball & amp; Associates, told Bloomberg News.

Even eurozone PMI for manufacturing sector fell more than expected, which contributed to declines in European stock exchanges, and later definite industrial PMI in the US that landed at 54.8 during the month, compared with 55.0 the previous month.

The ISM index for the US purchasing managers index also fell in November, but here less than what was expected according to Bloomberg News average forecast.

The oil companies Chevron and Exxon Mobil rose 2.6 and 2, 0 percent when the oil prices rebounded after Friday’s nedställ. The prices of Brent and WTI oil rose both over 4 percent.

“The stabilization of oil prices at current levels would be positive for the market, while a continued decline will lead to greater instability and great concern for the market” , reasoning Bill Schultz.

Data from the National Retail Federation, which showed that retail sales during the past long weekend fell 11 percent compared with last year was a major blow to the retail sector. Wal-Mart and Target fell 1.5 and 1.7 percent.

Amazon, which fell 3.7 percent, weighed down also by the rating agency Moody’s downgraded the outlook for the company’s credit rating to negative.

In the technology sector weighed on even Apple with a decline of 3.3 percent . Shares fell shortly after opening nearly 5 percent within 60 seconds during high trading volume, but then recovered somewhat.

A clear explanation for the rapid decline in Apple lacking, but the robot trading, a lowered recommendation from Morgan Stanley and the price dropped through a level where many may have invested so-called “stop-loss” command was given as possible explanations of analysts Bloomberg News talked to.

Electric car maker Tesla was also one of the losers, down 5.3 percent, since the BMW should have announced they are not interested in a collaboration with Tesla or to buy shares in company – something that Tesla CEO Elon Musk past week hinted about.

On bond market interest rates on US ten-year government securities 6 basis points to 2.23 percent.