Indexes were unable to keep their four-day winning streak alive on Monday amid persistent worries about the economy, interest rates and housingStocks closed lower Monday as traders demonstrated a reluctance to push the market higher after last week's string of sharp gains. Uncertainties about the outlook for the economy, interest rates and housing are returning to haunt the market, amid worries about a big downgrade of debt sold by structured investment vehicles. Investors also weighed comments from officials on efforts to help the beleaguered housing sector and crude oil's recent drop below $90 per barrel.
On Monday, the Dow Jones industrial average ended lower by 57.15 points, or 0.43%, at 13,314.57. The broader S&P 500 index shed 8.72 points, or 0.59%, to 1,472.42. The tech-heavy Nasdaq composite index fell 23.83 points, or 0.9%, to 2,637.13.
Activity in the broader market was negative Monday. On the New York Stock Exchange, 19 shares declined in price for every 14 that advanced. Nasdaq breadth was 20-10 negative.
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