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(Close): The major US indexes closed lower on Monday, as the dollar's recent rise caused concern about the profits of multinational companies.

The Dow Jones index was down 17.78 points, or 0.1%, at 16991.91, while the broader S&P 500 dropped 3.08 points, or 0.16%, at 1964.82.

The technology-heavy Nasdaq finished 0.47% lower.

Hewlett-Packard rose 4.7% after the technology giant announced it was to split in two.

The firm is separating its computer and printer business from its corporate hardware and services operations.

Shares in pharmaceutical firm CareFusion rose 23% after reports that it was being bought by rival firm Becton Dickinson.

The rise of the dollar in recent weeks has caused some anxiety among investors, who are waiting to see what effect it has had on larger multinational companies, for which exports play a big role.

The so-called "earnings season", in which many big firms report their financial results, is currently underway.

However the dollar's rally paused on Monday, with the index which tracks the dollar against six others currencies posting the largest drop since July 2013, falling 1.1%.

It had been on the rise for 12 weeks.