Wall Street Ends Down as Data Disappoints

U.S. stocks struggled to extend the previous week's gains, dropping on Monday (December 3) as disappointing U.S. factory numbers dampened optimism about China's economic growth. The declines broke a three-day streak of gains for the S&P 500, keeping it shy of its 50-day moving average of about 1,420, a level that the index has been below since Oct. 22, and now serving as a key resistance point for investors. Manufacturing activity in the United States surprisingly contracted in November, the Ins