Stocks Ended Lower as Tech Stocks Led Declines

U.S. stocks ended lower on Monday as the tech stocks led declines. The Dow Jones Industrial Average lost 89.28 points, or 0.29%, to 31,008.69. The S&P 500 was down 25.07 points, or 0.66%, to 3,799.61. The Nasdaq Composite fell 165.54 points, or 1.25%, to 13,036.43.

Oil futures erased an early loss, with the U.S. benchmark eking out a tiny gain to close at a 10-month high as pressure from a rising dollar and worries over a COVID-related hit to demand was overshadowed by optimism over prospects for near-term exports. West Texas Intermediate crude for February delivery rose a penny to finish at $52.25 a barrel. March Brent crude dropped 33 cents, or 0.6%, to settle at $55.66 a barrel.