Epic Research Update : US Markets

U.S. stocks edged lower on Monday after U.S. factory data missed expectations, while a selloff in the biotech sector sent the technology-heavy Nasdaq falling sharply.

At the close of U.S. trading, the Dow Jones Composite fell 0.16%, the S&P 500fell 0.49%, while the Nasdaq fell 1.18%.

US stocks fell for a second session on Monday, with the Nasdaq losing over 1 percent as investors shed Facebook, Google and biotech shares. Data showing that US manufacturing activity slipped in March also weighed on sentiment.

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