S&P 500 Closes Down After Best November In History

S&P 500 closed in negative territory after best November in its history

(Reuters) - Index S&The P 500 closed in the red on Monday as investors took profit after a rally in recent weeks that saw the index post its best November ever.

Nine out of 11 major S sub-indices&P 500 declined, while the energy sector fell 5.4% following oil prices.

Technology Sector S&P 500 up 0.7%, driven in part by a 2.1% rise in Apple Inc (NASDAQ: AAPL).

IHS Markit shares up 7.4% after S&P Global Agrees to Buy $ 44 Billion Financial Information Provider in What Will Become Biggest Corporate Acquisition of 2020.

"I would attribute (Monday's decline) to heightened coronavirus fears coupled with the market just trying to digest some of the recent gains of the last month", - said Sam Stovall of CFRA.

The Dow Jones index closed down 0.91% to 29.638.64 points, the S index&P 500 - by 0.46% to 3.621.63 points, and Nasdaq - by 0.06% to 12.198.737 points.

(Noel Randevich, with contributions from Shri Ramakrishnan and Medhi Singh in Bangalore. Translated by Elizaveta Zhuravleva. Editor Dmitry Antonov)