Stocks closed broadly lower after a day of choppy trading on Wall Street on Monday (US time) as investors prepare for a busy week of corporate earnings and inflation updates.
The major indexes made early gains, but slowly fizzled as the day progressed. The S&P 500 fell 30.15 points, or 0.7 per cent, to 4,361.19. The benchmark index gained as much as 0.6 per cent in the early going.
The Dow Jones Industrial Average fell 250.19 points, or 0.7 per cent, to 34,496.06