Morning markets: US reports light trading volumes as investors turn defensive


America's largest stock markets reported very light trading volumes on Monday as a flurry of M&A activity did little to reassure investors of the strength of the global recovery.

The Dow Jones closed 0.38% down at 10,174, while the S&P 500 was down 0.4% at 1,067, and the Nasdaq saw a 0.92% fall to 2,159. Several high profile deals involving bids from Hewlett Packard and Dell,...

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