The S&P 500 and the Dow Jones Industrial Average fell on Monday in range-bound trading as investors tread water, awaiting further clarity on key policies, including tax reforms and fiscal stimulus. “While [it] hasn’t been terribly exciting on a minute-to-minute basis, low volatility like this is a characteristic of an uptrending market. The last five months serve as instant proof,” said Frank Cappelleri, executive director at Instinet, in a note. The S&P 500
fell 4 points, or 0.2%, to close at 2,373 whil the Dow
slipped 8 points to end at 20,905. The Nasdaq Composite Index
edged up less than a point to close at 5,901.
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U.S. stocks end lower as financials sell off