Stocks End Lower on Wall Street as Tech Weighs Down Nasdaq
Stocks ended lower on Wall Street at the beginning of a holiday-shortened week. The S&P 500 fell 0.4 percent Monday, while drops in tech companies helped pull the Nasdaq down 1.1 percent. The Dow Jones Industrial Average held up better, ending down just 0.1 percent. The Dow benefited from a big gain in Disney, which soared after replacing CEO Bob Chapek with his predecessor, Bob Iger. Tesla’s stock price fell again. Banks, health care stocks and makers of household goods did better than the rest of the market. The yield on the 10-year Treasury, which influences mortgage rates, slipped to 3.82 percent.
…