U.S. markets lost ground Monday on mixed economic data with investors unsure how much momentum from 2013 will carry over into 2014. "The market is sluggish right now. We're struggling to figure out if there's more of this incredible rally, or do we need to take a break," Uri Landesman , president of the $1.25 billion hedge fund Platinum Partners , told the Wall Street Journal . Reports released Monday showed factory orders in November rose 1.8 percent, a bit higher than expectations, while the Institute for Supply Management said the purchasing managers' index for service-oriented firms showed slower growth in December compared with November. The non-manufacturing PMI slipped from 53.9 in November to 53, the institute said. Figures above 50 indicate growth. The blue-chip Dow Jones industrial average dropped 44.89 points Monday, off 0.27 percent to 16,425.10. The Standard & Poor's 500 gave up 4.60 points, 0.25 percent, to close at 1,826.77. The Nasdaq slipped to 4,113.68, off 18.23 points, or 0.44 percent. On the New York Stock Exchange , 3.2 billion shares were traded, with 1,447 issues advancing and 1,675 declining. In Europe , London's FTSE 100 gained 0.06 points, or less than 0.1 percent, to close at 6,730.73. In Japan , the Nikkei 225 closed at 15,908.88 points, off 382.43 points, or 2.35 percent. The 10-year U.S. treasury was yielding 2.963 percent, gaining 10/32. The euro traded even at $1.3628 and the dollar was marginally higher against the yen at 104.23 yen . Gold gave up $1.30 to settle at $1,237.360 an ounce on the Comex division of the New York Mercantile Exchange . Silver shed 4 cents to reach $20.17 . Crude oil was off 30 cents in late trading at $93.66 per barrel. On the Chicago Board of Trade March corn gained 4 1/4 cents to $4.27 3/4 a bushel, soybeans added 6 3/4 cents to $12.78 and wheat gained 1/4 cent to $6.06 .
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