US markets end lower on some weak economic data

The US markets ended in red on Monday, the trade remained lackluster for most part of the day ahead of key events for the week. Traders remained a bit cautious with some weak economic data. The Chicago PMI, fell back into contractionary territory in November, while the pending home sales though edged up in October, following two months of decline, but the 0.2 percent growth was lower than expected. NAR said its pending home sales index inched up by 0.2 percent to 107.7 in October from an upwardly revised 107.5 in September. On the same time MNI Indicators showed an unexpected contraction in Chicago-area business activity in November. The report said the Chicago Business Barometer tumbled to 48.7 in November from 56.2 in October, with a reading below 50 indicating a contraction in regional business activity. MNI Indicators said the sharp drop by the business barometer is indicative of the see-saw pattern of demand seen in 2015.

Traders are now eyeing the release of the Labor Department's monthly jobs report on Friday. Federal Reserve Chair Janet Yellen is also scheduled to deliver two speeches this week, joining several other Fed officials that are due to give remarks.

The Dow Jones Industrial Average ended down by 78.57 points or 0.44 percent to 17719.92, Nasdaq was down by 18.86 points or 0.37 percent to 5108.67, while S&P 100 declined by 9.70 points or 0.46 percent to 2080.41.

Indian ADRs made mixed closing on Monday, HDFC Bank was down by 0.16%, Dr Reddy’s was down by 0.10%, on the other hand Wipro was up by 0.61%, Tata Motors was up by 0.54% and ICICI Bank was up by 0.16%.