U.S. Stocks Pare Early Losses But Still Close Mostly Lower

(RTTNews) - After moving sharply lower early in the session on Monday, stocks showed a significant recovery attempt over the course of the trading day. The major averages climbed well off their worst levels of the day but still closed in negative territory. The tech-heavy Nasdaq closed down 146.62 points or 0.6 percent at 26,186.41 after tumbling by as much as 1.3 percent early in the day. The S&P 500 also fell 37.00 points or 0.5 percent to 7,619.98, while the Dow dipped 152.09 points or 0.3 percent at 52,421.20. The performance on Wall Street largely reflected a reaction to the direction of crude oil prices, which surged early in the session before giving back ground.