Stocks fell Monday after Japanese markets tumbled on news that the world’s second-largest economy unexpectedly slipped back into recession.
The Dow Jones industrial average was down less than 0.1% and the Standard & Poor’s 500 dipped 0.1%.
The Nasdaq composite index was down 0.2%.
Tokyo’s Nikkei 225 index dropped 3% to 16, 973.80. In the July-September period, Japan’s economic growth shrunk 1.6%.
The drops marks a second consecutive growth contraction for Japan. Economists had forecast Japan’s economy would expand at about a 2% pace.
European markets were also slightly lower as Germany’s DAX index dropped 0.1% and Britain’s FTSE index was flat.
On Friday, Wall Street closed mixed, although the S&P 500 managed to eke out a small gain that gave it its 41st record closing high of the year.