All three major U.S. stock indexes remain lower in final hour of trading

U.S. stocks held onto losses heading into the final hour of trading on Monday, led by declines in the Nasdaq Composite Index. The Nasdaq Composite was down by 0.8% after briefly touching its lowest level since 2020, as investors remained focused on the likelihood of further rate increases by the Federal Reserve. Dow industrials were down by 30 points, or less than 0.1%, after failing to sustain upward momentum. The S&P 500 was also down by 20 points, or 0.6%.