Stocks End a Wobbly Day Broadly Lower

After a wobbly day of trading, US stocks closed broadly lower for the sixth time in seven days as technology companies continued to slide, the AP reports. The market's losses Monday were limited relative to the steep drops last week. Gains by industrial and high-dividend companies helped limit the retreat. Apple fell 2.1% and Microsoft fell 1.8%. Defense contractors L3 and Harris rose sharply after announcing a deal to combine. The S&P 500 index fell 16 points, or 0.6%, to 2,750. The Dow Jones Industrial Average lost 89 points, or 0.4%, to 25,250. The Nasdaq composite gave up 66 points, or 0.9%, to 7,430. Small-company stocks rose. (More stock market stories.)