The broad S&P 500 index lost 0.4 percent, the Dow Jones industrial average lost 0.5 percent and the tech-heavy Nasdaq composite index lost 0.1 percent.
One of Monday's biggest losers was conglomerate Berkshire Hathaway. The stock fell 1.4 percent after the company announced a management shakeup, including one of its top executives moving to major bank JP Morgan Chase.
The winner, however, was the data streaming platform Confluent after the announcement that technology giant IBM is buying the company for $11 billion, equivalent to SEK 104 billion. Confluent surged 29.1 percent.
Warner Bros Discovery rose 4.4 percent after media giant Paramount Skydance made a hostile bid for the film and streaming company — a bid that trumped Netflix’s offer last week. Paramount shares rose 9.2 percent, while the streaming giant fell 3.4 percent.
