Stocks Close Lower After Early Gain Fades

Dow falls 14 points
By Newser Editors and Wire Services
Posted Apr 23, 2018 3:11 PM CDT
Robert Charmak, right, works with fellow traders on the floor of the New York Stock Exchange, Monday, April 23, 2018.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing mostly lower on Wall Street after an early gain faded away, the AP reports. Technology companies fell Monday, offsetting gains in other sectors including energy and phone companies. Bond prices continue to fall, sending the yield on the 10-year Treasury note closer to 3%, a milestone it hasn't reached since January 2014. Sears rose 7.6% after the company's CEO said the struggling retailer should sell its Kenmore brand. The S&P 500 index ended little changed at 2,670. The Dow Jones industrial average fell 14 points, or 0.1%, to 24,448. The Nasdaq composite fell 17 points, or 0.2%, to 7,128.

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