Stocks Ended Mostly Lower, Dow Dragged by Tariff Worries

U.S. stocks closed mostly lower on Monday, with Nasdaq rose as tech stocks climbed, but the S&P 500 ended lower and the Dow dropped as trade way concerns heated up again. The Dow Jones Industrial Average fell 157.13 points, or 0.62%, to 25,178.61. The S&P 500 lost 3.55 points, or 0.13%, to 2,783.02. The Nasdaq Composite added 27.51 points, or 0.36%, to 7,588.32.

Oil futures settled lower Monday, as the latest data fed expectations that U.S. output will continue to rise this year. April West Texas Intermediate crude lost 68 cents, or 1.1%, to settle at $61.36 a barrel. May Brent crude fell 54 cents, or 0.8% to $64.95 a barrel.

The U.S. recorded a $215 billion budget deficit in February. Fiscal income dropped to $156 billion, down 9 percent from a year earlier, while spending rose 2 percent to $371 billion, the Treasury Department said on Monday. The deficit for the fiscal year that began in October widened to $391 billion, compared with a $351 billion shortfall the same period a year earlier.