U.S. stocks ended lower due to China's foreign exchange reform optimism dissipated.

<P> U.S. stocks selling emerged late on Monday, dragged down by the fell, volume was light, because the market exchange rate flexibility in China's hope of enhancing changes to the Chinese government in exchange for the speed and extent of reform concerns. </ P> < .P> the overall negative tone of the market initially weakened on the foreign exchange reform of the benefits of optimism. stock market decline, as investors questioned expected to be carried out step by step effect of foreign exchange reform. </ P> <P> "This is China .seen as constructive, but market participants see the details of the post can not be sustained (the original) optimism, "MFGlobal JohnBrady vice president, said. </ P> <P> & P 500 index briefly rose above 1,130, this level is .its 2010 high and low of the mid-point, and the key technical bits, but can not keep spaces that level, increase the negative market sentiment. Over the past 10 trading days, the index has increased by more than 8%. </ P> <P .> exchange rate reform in China decided to support the stock market decline, while the move will make China's export costs pessimism in the retail stocks under pressure. Dow component Wal-Mart (WMT.N: Quote) fell 1%, at 51.02 .USD. & P retail index fell 1.7%. </ P> <P> "Retailers seem to sell low-cost products are all products manufactured in China," FinancialNetworkInvestmentCorporation market strategist BrianGendreau said. </ P> <P> Road .Joan industrial average was down 8.23 points, or 0.08%, to close at 10,442.41 points; Standard & Poor's 500 index ended down 4.31 points, or 0.39%, at 1,113.20 points; Nasdaq index fell 20.71 points, or 0.9%, to 2,289.09 points. </ P .> <P> large tech stocks weaken, expand Nasdaq decline. Amazon (Amazon.com) (AMZN.O: Quote) fell 2.6%, to $ 122.55, after the Amazon, said the price of its Kindle e-reader .down from $ 259 to $ 189. Google (GOOG.O: Quote) fell 2.35%, to $ 488.56. Dow component Microsoft (MSFT.O: Quote) fell 1.9% to $ 25.95. </ P> < .P> market opened higher today, the Dow rose 140 points, as investors said the move could boost China's multinational corporations profit outlook. Freeport-McMoRanCopper & GoldInc (FCX.N: Quote) jumped 3.3%, at 68.08 .dollars. Dow component Alcoa (AA.N: Quote) climbed 5.5%, to $ 11.72. </ P> <P> "China's move long-term good of the global market and help increase exposure to Chinese companies .income, "CapitalAdvisors ChanningSmith vice president, said," However, the market has recorded good gains, and investors do not forget we are still faced with issues such as Europe and the labor market. "</ P> <P> in M & A news, .BiovailCorp (BVF.N: Quote) has agreed to acquire ValeantPharmaceuticalsInternational (VRX.N: Quote), a price of about 33 billion U.S. dollars. Biovail listed in the U.S. rose 14%, to $ 16.67. Valeant rose 2.3%, to $ 46.90. </ .P> <P> in the United States listed the BP (BP.L: Quote) shares fell 4.5% to $ 30.33, after BP (BP.L: Quote), an internal document revealed that the company forecast in the worst case .Gulf of Mexico oil spill could be around 10 million barrels a day. New York Stock Exchange, American Stock Exchange and the Nasdaq market volume was about 7.98 billion shares, well below last year's estimated daily average value of 9.65 billion shares. < ./ P> <P> the New York Stock Exchange, home prices and declining stocks ratio of about 13:18, Nasdaq market is about 1:2. </ P>.