By Staff Reporters
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U.S. equities ended the day in the red, failing to continue last week's positive momentum. The moves came amid a quiet day on the economic and earnings fronts, but both are set to heat up as the week progresses.
In earnings news, Global Payments bested estimates and reaffirmed its guidance, and Emerson Electric also beat the Street, while also announcing the sale of a majority stake in its climate unit to Blackstone.
Meanwhile, a couple of reads on regional manufacturing showed activity continued to contract. Treasury yields traded higher and the U.S. dollar gained ground, continuing to rebound from a recent drop, while gold and crude oil prices were lower.
Stocks in Asia were mixed amid a slew of economic data in the region, and Europe ended higher as investors continued to digest last week's 75 basis point rate hike by the European Central Bank.
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