U.S. stocks fell on Monday, dragged lower by materials and financial shares, erasing earlier gains as the U.S. dollar rose and commodity prices waned.
The energy and materials sectors, which had helped lift major indexes more than 1 percent earlier, reversed course as U.S. crude futures fell below $80 a barrel, while the ICE Futures dollar index <.DXY> gained 0.5 percent.
But the Nasdaq's losses were kept in check by gains in Microsoft Corp
The Dow Jones industrial average <.DJI> was down 83.96 points, or 0.84 percent, at 9,888.22. The Standard & Poor's 500 Index <.SPX> was down 9.22 points, or 0.85 percent, to 1,070.38. The Nasdaq Composite Index <.IXIC> was down 7.18 points, or 0.33 percent, at 2,147.29.
The S&P financial index <.GSPF> was off 2.1 percent. Shares of Fifth Third Bancorp
Fifth Third's stock fell 8 percent to $9.51 on Nasdaq and SunTrust shares lost 5.4 percent to $19.86 on the New York Stock Exchange.
An S&P index of energy shares <.GSPE> shed 0.7 percent. Chevron
McGraw-Hill Cos Inc
(Reporting by Angela Moon; Editing by Jan Paschal)