US indexes end slightly lower Monday – Long Island Business News – New York News

US indexes end slightly lower Monday – Long Island Business News – New York News

Stocks are ending mostly lower on Wall Street, led by declines in banks.

Bond yields fell Monday, which can hurt profits at banks by pushing interest rates on loans lower.

Wells Fargo lost 1.8 percent Monday and Bank of America dropped 1.7 percent.

Other sectors ended mixed. Makers of basic materials and consumer goods rose, but health care and phone companies fell.

The Standard & Poor’s 500 index lost 4 points, or 0.2 percent, to end at 2,373.

The Dow Jones industrial average slipped 8 points, less than 0.1 percent, to 20,905. The Nasdaq composite edged up a fraction to 5,901.

Trading was relatively light.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.47 percent.

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