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Major Averages End Lower Again

 

Updated from 4:02 p.m. EDT

Stocks closed lower Monday as bargain-hunters failed to materialize even after last week's bloodletting on Wall Street.

The Dow Jones Industrial Average djia ended with a loss of 90.85 points, or 0.9%, to 9819.87. The Nasdaq nasdaq fell 6.96 points, or 0.4%, to 1656.93, and the S&P 500 s&p500 was off 10.87 points, or 1%, to 1065.45.

U.S. stocks fell Monday after a week in which the Dow lost 3.4% and the Nasdaq gave up 7.4%. The decline in stocks on Friday came in part because a survey showed consumer sentiment consumersentimentindex was weaker than analysts had predicted. Even a report revealing that first-quarter gross domestic product grossdomesticproduct rose a blistering 5.8% couldn't save the averages from the sellers. ...

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