U.S. stocks close lower as latest rally fizzles

U.S. stocks close lower as latest rally fizzles
·1 min read

U.S. stocks closed lower on Monday as a strong batch of durable-goods data appeared to contradict signs of a slowing economy. The Dow Jones Industrial Average closed 61.10 points, or 0.2%, lower at 31,439.50. The S&P 500 shed 11.39 points, or 0.3%, to 3,900.35. The Nasdaq Composite dropped 101.10 points, or 0.9%, to 11,506.50. Treasury yields climbed on Monday, as did the U.S. crude-oil benchmark, reversing some of the moves that had helped spark last week's bear-market rally in stocks. "Falling