How the Dow Jones industrial average did on Monday

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Associated Press

Posted on December 2, 2013 at 4:01 PM

Updated Monday, Dec 2 at 4:02 PM

The final month of a stellar year for stocks began with a thud Monday. All three major indexes closed lower on the first day of trading in December.

Investors sold shares on signs that American shoppers — that seemingly inexhaustible fuel of global economic growth — may hold tight to their cash this holiday season.

Shoppers turned out in record numbers over the four-day Thanksgiving weekend, but plunked down less cash than they did last year. It was the first decline in Thanksgiving weekend spending since a retail trade group began tracking it in 2006.

Investors reacted by selling all types of retailer stocks, from department stores to specialty chains. J.C. Penney, Macy's and Target fell about 2 percent each. Urban Outfitters dropped nearly 4 percent.

Monday:

The Dow fell 77.64 points, or 0.5 percent, to 16,008.77.

The Standard & Poor's 500 index fell 4.91 points, or 0.3 percent, to 1,800.90.

The Nasdaq composite fell 14.63 points, 0.4 percent, to 4,045.26.

For the year:

The Dow is up 2,904.63 points, or 22.2 percent.

The S&P 500 is up 374.71 points, or 26.3 percent.

The Nasdaq is up 1,025.75 points, or 34 percent.

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