U.S. stocks finish lower, extending last week's losses

U.S. stocks ended down Monday, with the technology-heavy Nasdaq Composite falling sharply, deepening last week's losses as concerns over an economic slowdown persisted. The Dow Jones Industrial Average DJIA, -0.50% closed 0.5% lower, while the S&P 500 SPX, -0.90% dropped 0.9% and the Nasdaq Composite COMP, -1.49% sank 1.

5%, according to preliminary data from FactSet. All three major benchmarks fell last week amid recession fears, booking back-to-back weekly declines for the first time since September. On Monday, the National Association of Home Builders said its monthly confidence index fell in December for a 12th straight month, dragged down by high mortgage rates and inflation.

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