U.S. Stocks Move Mostly Lower After Early Rebound

Stocks showed a strong move to the upside in early trading on Monday but gave back ground over the course of the session. The major averages pulled back well off their highs of the session, with the Nasdaq and the S&P 500 ending the day in negative territory.

The Nasdaq slid 153.72 points or 0.7 percent to 20,794.64 and the S&P 500 fell 25.13 points or 0.4 percent to 6,343.72, dropping to their lowest closing levels in nearly eight months.