(CNBC) — U.S. stocks declined on Monday, with the Nasdaq Composite falling for the first session in seven, as a lackluster start to the holiday shopping season mostly overrode data that had a measure of U.S. factory activity slowing less than expected in November.
“The Black Friday retail sales looked a little punkish,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
The fall in Apple’s shares “may be some evidence of concern of a weak start of what was expected to be a pretty good holiday season on the back of the gas price tax cut,” said Luschini.
