S&P 500, Nasdaq reverse early gains to end down ahead of Apple
SPY•The S&P 500 and Nasdaq ended lower on Monday after reversing early gains, while the Dow rose. Oil prices fell more than 7%, and Apple shares dropped 1.8% ahead of the company's quarterly results.
1. Indexes finish mixed
The S&P 500 and Nasdaq reversed early gains to end lower on Monday, while the Dow finished higher. Apple shares fell 1.8% ahead of the company's quarterly results, and the S&P 500 technology sector declined 2.7%.
2. Oil and sector moves
S&P 500 energy shares fell 4%, leading sector declines, as oil prices dropped more than 7%. The S&P 500 consumer discretionary index rose 2.3%; lower oil prices were seen as a benefit to consumers. Investors were also preparing for Tuesday's US midterm elections.
