US stocks fall for 3rd day as global selloff mounts
US stocks joined a global equities sell off Monday.
New York: US stocks joined a global equities sell off Monday as worries about a potential British exit of the European Union overshadowed Microsoft`s $26.2 billion acquisition of LinkedIn.
Equities on Wall Street fell for the third straight session as polls in Britain showed growing support for Brexit ahead of the June 23 referendum.
LinkedIn surged 46.7 percent on news it would be acquired in an all-cash deal that will boost Microsoft`s presence in social media. Microsoft lost 2.6 percent.
At the closing bell, the Dow Jones Industrial Average was at 17,733.44, down 0.7 percent.
The broad-based S&P 500 fell 0.8 percent to 2,079.14, while the tech-rich Nasdaq Composite Index dropped 0.9 percent to 4,848.44.