By JUAN CARLOS ARANCIBIA, INVESTOR’S BUSINESS DAILY
The stock market closed lower Monday but well off its session lows.
The Nasdaq, which had been down as much as 1.2% in early trading, closed with a 0.2% loss. Strength in techs seemed to help the composite. The S&P technology sector index rose 0.3%, despite a broad market retreat.
The S&P 500 fell 0.3% and the Dow Jones industrial average inched down less than 0.1%. Volume eased across the board, according to early figures. Declining stocks nearly doubled the number of advancers.
In a weak day for financials, credit card stocks also slipped. Visa (V) fell 1% although it remains above its 50-day moving average and 4% away from a new high. American Express (AXP) dropped 1% as it tries to form the handle to a base. Both stocks saw below-average volume.