Stocks edged lower in afternoon trading on Wall Street Monday as communications companies and banks fell broadly.
The S&P 500 fell 0.3% as of 2:40 p.m. Eastern after rising as much as 0.6% earlier. The Dow Jones Industrial Average fell 146 points, or 0.4%, to 34,593 and the Nasdaq also fell 0.1%.
The price of U.S. crude oil rose 1.5% to over $80 a barrel.
Bond trading was closed for the Columbus Day holiday.
Investors are looking ahead to the beginning of company earnings this week. Analysts have said that the latest round of corporate results could help give the