U.S. stocks end mostly lower after an early rally evaporates
December 13, 2020
Stocks closed mostly lower on Wall Street Monday after an early rally faded, extending the market's recent pullback from record highs.
The S&P 500 fell 0.4% after having been up 0.9% in the early going. The reversal handed the benchmark index its fourth straight decline, something that hasn't happened since September. Losses in the financial, industrial and health care sectors accounted for much of the decline, outweighing gains by technology stocks and companies that rely on consumer spending. Treasury yields were mostly higher, a sign of optimism in the economy.
Stocks initially headed...