MARKET SNAPSHOT: U.S. Stocks End Mostly Lower; Yahoo Rallies

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch

NEW YORK (MarketWatch) -- U.S. stocks ended lower on Monday as investors turned cautious after five straight weeks of gains that sent the main benchmarks to record highs.

A few M&A deals were grabbing attention Monday. On the economic news front, data showed consumer credit rose a record amount in July.

The S&P 500 (SPX) lost 6.2 points, or 0.3%, to end at 2001.54, with the energy sector leading the losses. The Dow Jones Industrial Average (DJI) dropped 25.9 points, or 0.2%, to 17,111.42. The Nasdaq Composite (RIXF) defied the general trend and finished the session 9.4 points, or 0.2%, higher at 4,592.29.

"U.S. indexes have seen rises over the past 5 weeks -- now having digested news that recent China trade data is weak, and that Japanese GDP (gross domestic product) has shrunk at its fastest pace in over 5 years -- the reality is that global economies aren't where they should be," said Brenda Kelly, chief strategist at IG, in emailed comments.

Stocks to watch: Multimedia Games (MGAM) shares surged 30% after the electronic gaming company announced a $1.2 billion deal to be acquired by Global Cash Access Holdings Inc.(GCA).

Shares in Boeing Company (BA) rose 2.8% after the aircraft maker confirmed an order to provide 100 of its 737 MAX airplanes to Ryanair (RYAAY) .

Yahoo! Inc. (YHOO) shares rallied 5.6% as China's largest e-commerce Alibaba Group said it would seek $66 per share, hoping to raise $24.3 billion in its IPO. Yahoo own 24% of Alibaba.

Campbell Soup Co. (CPB) shares fell 2.6% after the maker of soups posted a disappointing profit outlook. Also read: See the day's notable stock moves

Pound, oil on the wane: European stocks ended lower after a weekend poll showed pro-Scottish independence voters in the lead ahead of a referendum Sept. 18. The London FTSE 100 index slid 0.3%. The pound(GBPUSD) sank against the dollar to the lowest level since November.

China reported a surprise fall in imports and a widening trade deficit, and Hong Kong shares slipped.

Brent crude for October fell below $100 a barrel on the weak China trade data. Gold prices (GCZ4) fell $12 to 1,254.3.7.

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