Stock market ends lower, weighed by selloff in health-care sector
The U.S. stock market closed lower on Monday, as a selloff in health-care, industrials and financials weighed on the main indexes. Modest losses on Wall Street came amid low trading volumes, as the U.S. bond market was closed in observance of Columbus Day. The S&P 500 SPX, -0.18% closed 4.60 points, or 0.2%, lower at 2,544.70. The tech-heavy Nasdaq Composite index COMP, -0.16% declined 10.45 points, or 0.2%, to 6,579.73, snapping a nine-day winning streak. The Dow Jones Industrial Average DJIA, -0.06% hit an intraday record in early trade, but finished the session 12.60 points lower at 22,761.07. Among the worst performers on Wall Street, General Electric Company GE, -3.94% dropped nearly 4%, weighing on the Dow industrials.