US stocks started the week in a red territory on lingering global growth concerns after Japan announced that its GDP growth slowed more than expected in Q2. At the same time, successful Italian bond auction supported the market sentiment. The S&P 500 Index lost 0.13% to 1,404.11 on Monday. Eight out of ten industries included in the index dropped. The only gainers were technology and consumer goods sectors. Google climbed 2.81% after the company stated that it will cut 20% of the staff at Motorola Mobility. On the upside was also Tresoro Petroleum that rallied 9.49% after reporting that the firm will pay USD2.5 billion in cash for California refinery, storage terminal and pipelines. Sears Holding added 5.72% as the department store chain is preparing to split some of its stores to set up a separate public company. On the downside were basic materials and oil and gas companies. Alpha Natural Resources, Chevron and Airgas tumbled 3.13%, 0.24% and 0.11%, respectively.