Dow Closed Lower for 8th Straight Day

U.S. stocks closed mostly lower on Monday after a volatile trading session, with the Dow Jones Industrial Average fell for an eighth session, following the health-care bill debacle last week. The Dow shed 45.74 points, or 0.22%, to 20,550.98. The S&P 500 fell 2.39 points, or 0.10%, to 2,341.59. However, the Nasdaq Composite rose 11.64 points, or 0.20%, to finish at 5,840.37.

Oil prices finished lower Monday, pressured by another weekly rise in the U.S. oil-rig count and uncertainty over whether OPEC will extend its production cuts into the second half of the year. May West Texas Intermediate crude fell 24 cents, or 0.5%, to settle at $47.73 a barrel. May Brent crude eased by 5 cents, or 0.1%, to $50.75 a barrel.

SpaceX and Tesla CEO Elon Musk is backing a brain-computer interface venture called Neuralink, according to The Wall Street Journal.

Shares of Sears Holding Corp. (SHLD)shot up 9.7% toward a 2-month high in afternoon trade Monday, after the troubled department store chain’s largest shareholder disclosed that he bought more shares over the past few sessions. That came after the retailer’s second-largest shareholder also boosted its stake.