Updated from 4:21 p.m. EDTStocks in New York pared their losses late in the day to close just modestly lower Monday, but the drop ended a streak of four consecutive wins for the major averages. The Dow Jones Industrial Average gave up 41.74 points, or 0.5%, to 7975.85, and the S&P 500 lost 7.02 points, or 0.8%, to 835.48. The Nasdaq shed 15.16 points, or 0.9%, to 1606.71. Citigroup ( C) and JP Morgan Chase ( JPM) were the worst performers on the Dow, losing 4.6% and 3.7%, respectively. General Motors ( GM) went against the grain, adding 8.1% to $2.27.