(MENAFN- Qatar News Agency) US stocks closed mildly lower Monday after big gains last week. Stocks spent much of the session wobbling between gains and losses in light holiday-week trading. The moves followed a rebound last week that had delivered the largest weekly gain for the S&P 500 in nearly a year.
The Dow Jones Industrial Average lost 31.13 points, or 0.2%, to 17792.68. The S&P 500 fell 2.58, or 0.1%, to 2086.59, while the Nasdaq Composite inched down 2.44, or 0.05%, to 5102.48. The US dollar index briefly hit 100 for the first time since March and continued to hold higher against major world currencies, with the euro temporarily dipping below $1.06 and the yen at 122.89 yen against the greenback in the close.
US crude settled down 15 cents, or 0.36 percent, at $41.75 a barrel after fluctuating between gains and losses. Brent held higher near $44.90 a barrel. Meanwhile, European stocks ended lower, under some pressure from fluctuations in oil prices and declines in copper, which hit a multi-year low.
In Asia on Monday, the Shanghai Composite fell 0.6%. Markets in Japan were closed for a holiday.
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