Stocks Ended Lower on Rate Hike Jitters

U.S. stocks ended with the sharplest decline in six weeks on Monday as investors braced for an interest- rate hike. The Dow Jones industrial average fell 178.85 points, or 1.00%, to 17,730.48. The S&P 500 lost 20.62 points, or 0.98%, to 2,078.58. The Nasdaq Composite dropped 51.82 points, or 1.01%, to 5,095.30.

Eric Rosengren, the president of the Boston Fed, said Monday he is worried about the rapid rise in commercial real estate prices, becoming the latest U.S. central banker to be worried about financial stability concerns in the real estate sector with interest rates close to zero.

Ford Motor Co’s (F.N) $9 billion investment plan for its U.S. operations includes two new products for a Michigan plant that will lose production of small cars, and U.S. production of a new Lincoln luxury sedan, a proposed four-year contract with the United Auto Workers shows, the UAW said on Monday.

Yahoo has hired the global management consultant firm McKinsey & Company to help it reorganize as it enters its fourth year of turnaround, the tech site Re/code reported.

Target doesn’t want Americans to miss Thanksgiving dinner — but with its stores opening at 6 p.m. that day for a second year running, shoppers may still have to choose between sales and dessert.The retailer said on Monday that it would keep its Thanksgiving and Black Friday sales hours unchanged from last year, despite complaints of an unrelenting “holiday sales creep” into a family holiday.