“U.S. stocks lost ground on Monday, with each of the major indexes falling for a fourth straight session, as investors were hesitant to make new bets ahead of an expected shift in Federal Reserve policy that could lead to higher interest rates,” Chuck Mikolajczak reports for Reuters.
“The declines marked the longest losing streak of the year for the Dow and S&P 500, while the Nasdaq matched its longest string of declines since mid-June,” Mikolajczak reports. “The Nasdaq was positive for most of the session, spurred by gains in technology shares, such as Apple Inc (AAPL) and Google Inc (GOOG), before selling pressure in the last hour of trading turned the index negative.”
Mikolajczak reports, “Apple shares gained 1.1 percent to $507.74 while Google advanced 1 percent to $865.65.”
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