A brief of global shares on Monday(6:24 AM - 25/03/2014)
U.S. stocks fell on Monday, with some of the market's recent best performers like technology and biotech shares leading the way down. Concerns that the crisis in Ukraine could escalate gave investors a reason to drop some of the market's biggest trading favorites. The Nasdaq fell below its 50-day moving average earlier, in a sign of weakening near-term momentum. The Nasdaq biotechnology index .NBI, which jumped 66 percent last year, fell 3 percent in its fourth straight daily decline. Over those four sessions, the biotech index slid 9 percent. On Friday, the index marked its worst day since October 2011.
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