Most Stocks Close Lower After Erasing Midday Gains

As the stock market hobbles further away from Friday's rally, so does the optimism that went with that eye-popping romp higher.

Major Indices INDEX CHANGE % VALUE Dow 2.21 0.02% 11,036.34 S&P 500 -6.30 -0.47% 1344.15 Nasdaq -28.52 -1.01% 2808.74 Russell 2000 -2.34 -0.53% 435.90 TSC Internet -6.20 -1.04% 595.41 BOND CHANGE PRICE YIELD 30-Year Treasury 3/32 100 23/32 6.074% Market data as of: 4:18 PM EDT, Wed Sep 8 1999

The Dow Jones Industrial Average was the only major market gauge to end above water. ...