Stocks turned negative on Monday, with the Nasdaq hitting session lows, as the sudden positive turn following upbeat home sales data was short-lived.

Stocks fell at the open as reduced outlooks from diversified manufacturer Honeywell Inc and health insurer Aetna Inc sparked caution.

The Dow Jones industrial average <.DJI> dropped 32.49 points, or 0.36 percent, to 9,060.75. The Standard & Poor's 500 Index <.SPX> dropped 4.38 points, or 0.45 percent, to 974.88. The Nasdaq Composite Index <.IXIC> lost 13.28 points, or 0.68 percent, to 1,952.68.

(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)