U.S. stocks closed modestly lower Monday, with some of the biggest declines coming in oil and gas companies as energy prices fell. Companies that rely on consumer spending also lost ground, while utilities bucked the downward trend and closed higher.
The Dow Jones industrial average fell 51.98 points, or 0.3 per cent, at 18,086.40.
The Standard & Poor’s 500 slid 6.48 points, or 0.3 per cent, to 2,126.50.
The Nasdaq composite lost 14.34 points, or 0.3 per cent, to 5,199.82.
For the year:
The Dow is up 661.37 points, or 3.8 per cent.
The S&P 500 is up 82.56 points, or 4 per cent.
The Nasdaq is up 192.41 points, or 3.8 per cent.