NEW YORK (AP) - U.S. stocks wobbled and finished mostly lower Monday as the price of oil continued to nosedive thanks to the strong dollar. Energy companies took the biggest losses as U.S. crude hovered around $40 a barrel, its lowest price in almost four months, and materials companies also traded lower.
Every oil, gas and pipeline company on the Standard & Poor's 500 finished lower as a slump in the price of oil and other fuels extended into a third week. The losses for energy and mining, chemical and building companies canceled out gains for technology and health care companies. A survey showed U.S. manufacturing continued to grow in July but did so at a slower pace than the month before. That, too, is linked to strength in the dollar.
The Dow Jones industrial average fell 27.73 points, or 0.2 percent, to 18,404.51. The S&P 500 lost 2.76 points, or 0.1 percent, to 2,170.84. The Nasdaq composite gained 22.06 points, or 0.4 percent, to 5,184.20. The Nasdaq rose last week, while the other major indexes fell.
The Dow and S&P 500 set all-time highs recently, and the Nasdaq is within 1 percent of the record it set in July 2015.