U.S. stocks closed lower on Monday, failing to extend robust gains from last week, as technology shares pull back from 2023 highs. The Dow Jones Industrial Average DJIA, -0.59% fell about 200 points on Monday, or 0.6%, ending near 33,562, according to preliminary FactSet data. That was near the session’s low. The S&P 500 index SPX, -0.20% shed 0.2%, giving up earlier gains needed to qualify as having exited bear-market territory. The Nasdaq Composite Index COMP, -0.09% ended 0.1% down.
Recent gains have largely come from a small group of technology shares, which have powered the overall stock market higher. Among the group is Apple Inc., AAPL, -0.74% which saw shares briefly touch a new intraday trading record on Monday. It lost its grip, however, on those gains in roughly the last hour of trade, ending the session down 1.1%, according to FactSet.