U.S. stock markets turned south Monday afternoon, with early, modest gains fizzling, amid selling in financials
XLF,
and communication services
XLC,
.
The Dow Jones Industrial Average
DJIA,
was trading about 80 points lower, or 0.2%, at 34,665, the S&P 500 index
SPX,
was trading 0.3% lower at 4,380, while the Nasdaq Composite Index
COMP,
shed 0.1% at 14,560. All three benchmarks had been showing modest gains earlier in the session. The Treasury is closed in observance of Columbus Day in the U.S.
Read More: Stock market reverses course in Monday afternoon trade, with Dow down