US stocks open lower; Chinese trade data disappoint
December 08, 2014 at 09:30 AM EST
U.S. stocks declined on Monday, with benchmarks retreating from records, as trade numbers from China came in below expectations and oil companies were knocked by the falling price of crude.. Separately, Japan's economy contracted more than anticipated in the third quarter. Merck& Co. said it would acquire Cubist Pharmaceuticals in a deal valued at $9.5 billion.