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S& P 500 Tumbles to a 7-Month Low As Once-Key Sectors Fall Out of Favor
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Staff researcher Richard Drezen contributed to this report.
Movers
Lehman Brothers Holdings tumbled $3.60, to $62.01, despite its upbeat second-quarter earnings.
Goldman Sachs Group fell $4.89, to $145. It was expected to release its results Tuesday.
General Motors climbed 43 cents, to $25.78. It said late Friday that Delphi struck a broad employee buyout plan that lowers the risk of a potentially crippling strike.
Mirant lost 7 cents, to $24.38. It said it withdrew its offer for rival energy supplier NRG Energy, saying the company was unwilling to consider the deal.
NRG fell $3.93, to $46.92.
Indexes
New York Stock Exchange composite index fell 109.88, to 7855.44.
American Stock Exchange index fell 23.80, to 1859.34.
Russell 2000 index of smaller-company stocks fell 18.20, to 683.19.
Volume
NYSE: 2.3 billion shares, down from 2.31 billion on Friday. Decliners outnumbered advancers 7 to 2.
Nasdaq: 1.92 billion shares, up from 1.78 billion. Decliners outnumbered advancers 4 to 1.
Commodities
Crude oil for July delivery: $70.36, down $1.27.
Gold for current delivery: $606.80 a troy ounce, down from $608.20 on Friday.
