Nasdaq dropped 65.72 points or 0.59 percent to 10,983.78 and S&P 500 was down by 6.31 points 0.16 percent to 3,957.63.

Asian markets are trading mixed ahead of the release of data on China’s November factory activity.

The US markets ended in red losses ahead of an upcoming speech by US Federal Reserve Chair Jerome Powell.

Nasdaq dropped 65.72 points or 0.59 percent to 10,983.78 and S&P 500 was down by 6.31 points 0.16 percent to 3,957.63.

Dow Jones Industrial Average added 3.07 points or 0.01 percent to 33,852.53.

Asian markets are trading mixed ahead of the release of data on China’s November factory activity.