• The Dow Jones Industrial Average .DJI fell 40.76 points, or 0.17 percent, to 24,231.59, the S&P 500 .SPX lost 5.36 points, or 0.20 percent, to 2,642.22 and the Nasdaq Composite .IXIC dropped 26.39 points, or 0.38 percent, to 6,847.59.
Wall Street fell on Friday, whipsawed by developments with a probe into Russia’s alleged involvement in the U.S. election as well as with progress on a tax bill in Congress.
Major indexes ended lower after an ABC News report that former national security adviser Michael Flynn was prepared to testify that before taking office President Donald Trump had directed him to make contact with Russians.
The benchmark S&P 500 .SPX was down as much as 1.6 percent following the report. Flynn pleaded guilty on Friday to lying to the FBI about contacts with Russia's ambassador.
But stocks recouped the bulk of their initial losses, after U.S. Senate Republicans said they had enough support to pass a sweeping tax overhaul.
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• Asia markets began the Monday session on a cautious note following a decline in U.S. stocks on Friday after a shock from a since-corrected report about the investigation into possible collusion between then-candidate Donald Trump and Russia.
• Japan's Nikkei 225 declined 0.13 percent in early trade while the Topix index traded flat. Across the Korean Strait, the Kospi rose 0.41 percent.
Reference: Reuters, CNBC
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