By: JeeYeon Park | CNBC.com Stock Market Writer
Stocks closed lower for the
third-straight session Monday, extending sharp losses from the previous
week, as investors digested headlines from Fed officials and amid
ongoing worries over the debt ceiling and budget wrangling in Washington.
The Dow Jones Industrial Average declined 49.71 points to end at 15,401.38, dragged by new Dow member Goldman Sachs. Visa and Nike also officially joined the blue-chip index Monday, replacing Alcoa, Hewlett-Packard and Bank of America.
The S&P 500 dropped 8.07 points to close at 1,701.84. And the Nasdaq fell 9.44 points to finish at 3,765.29.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, spiked above 14.
The Dow Jones Industrial Average declined 49.71 points to end at 15,401.38, dragged by new Dow member Goldman Sachs. Visa and Nike also officially joined the blue-chip index Monday, replacing Alcoa, Hewlett-Packard and Bank of America.
The S&P 500 dropped 8.07 points to close at 1,701.84. And the Nasdaq fell 9.44 points to finish at 3,765.29.
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, spiked above 14.
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