U.S. stock markets turned south Monday afternoon, with early, modest gains fizzling, amid selling in financials XLF, -0.51% and communication services XLC, -0.75%. The Dow Jones Industrial Average DJIA, -0.29% was trading about 115 points lower, or 0.3%, at 34,630, the S&P 500 index SPX, -0.19% was trading 0.3% lower at 4,380, while the Nasdaq Composite Index COMP, +0.06% 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.
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