Stocks on Wall Street closed broadly lower Monday, giving back some of the big gains the market notched last week on hopes for interest rate cuts from the Federal Reserve. .
Stocks on Wall Street closed broadly lower Monday, giving back some of the big gains the market notched last week on hopes for interest rate cuts from the Federal Reserve.
The selling was widespread, with health care stocks among the biggest drags on the market, the AP reports. Pfizer fell 2.9%, and Eli Lilly and Co. slid 2.3%. Gains for several big technology stocks helped temper the market’s losses.
