India, Aug. 25 -- After ending last Friday's trading sharply higher, stocks moved mostly lower over the course of the trading day on Monday. The major averages turned in a lackluster performance for much of the session before coming under pressure going into the close.
The major averages all finished the day in negative territory. The Dow slid 349.27 points or 0.8 percent to 45,282.47, the S&P 500 fell 27.59 points or 0.4 percent to 6,439.32 and the Nasdaq slipped 47.24 points or 0.2 percent to 21,449.29.
The weakness on Wall Street partly reflected profit taking, as some traders looked to cash in on the strong gains posted last Friday, which lifted the Dow to a new record closing high.
The rally seen during last Friday's session came as...