Stocks on Wall Street closed lower on Monday (Tuesday morning GMT ) , the U.S. economic data amid varied to begin the first full week of trading in 2014 .
The Dow Jones Industrial Average fell 44.89 points ( 0.27 percent ) to finish at 16425.10 , AFP reported .
The broad-based S & P 500 fell 4.60 points ( 0.25 percent) to 1826.77 , while the tech -heavy Nasdaq composite index gave up 18.23 points ( 0.44 percent ) to 4113.68 .
Peter Cardillo , chief market economist at Rockwell Global Capital , said investors were somewhat disappointed with the report showing a slowdown in growth in the services sector in December .
On the other hand , Cardillo pointed to a strong report on new factory orders , which in November reached the highest level since 1992 .
Cardillo said the market may not be large movements recorded before the release of the Federal Reserve's December meeting on Wednesday ( 8/1 ) and the monthly jobs report on Friday ( 10/1 ) .
" What we see is basically the last market , " said Cardillo .
Twitter social networking company fell 3.9 percent after Morgan Stanley report said Google and Facebook offer a better investment in internet advertising at the current valuation . Google rose 1.2 percent , while Facebook gained 4.8 percent .
Internet radio company Pandora jumped 14.1 percent as the company's data shows the share of total U.S. radio listeners rose to 8.6 percent in December from 7.6 percent a year earlier .
Dow component Boeing , rose 0.6 percent after it announced that it reached a record in 2013 for the delivery and orders for commercial aircraft . The news follows a decision Friday ( 3/1 ) by the main trade union Boeing to approve an eight-year contract at its main production site in Washington state .
Satellite broadcaster Sirius XM Holdings jumped 7.3 percent following a submission of Liberty Media to buy Sirius shares it does not own in a deal worth about 10 billion U.S. dollars . Liberty Media shares fell 2.2 percent .
The wireless carrier T - Mobile USA rose 3.7 percent after announcing a deal worth 3.3 billion U.S. dollars with Verizon Wireless to acquire a low - band spectrum to strengthen coverage in the major urban areas . Dow components , Verizon Communications , rose 0.6 percent .
Mens Wearhouse retailers rose 2.2 percent after launching a bid to acquire rival , Jos . A. Bank at a price of 57.50 dollars Asper share, up from its offer by November 55 U.S. dollars per share . Jos . A. Bank jumped 4.5 percent .
Bond prices rose . The yield on U.S. government 10 - year tenor slipped to 2.96 percent from 3.00 percent on Friday , while the 30 - year fell to 3.90 percent from 3.93 percent . Prices and bond yields move inversely .
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