S&P in red as Wall Street rally fades

Dec 26 () - The S&P 500 slipped into the red on Monday, reversing course after having risen more than 1 percent earlier in the session and pushing the benchmark index closer towards bear market territory.

The Dow Jones Industrial Average also gave up gains of more than 1 percent to head lower. The blue-chip index was down 69.60 points, or 0.32 percent, at 21,722.60 at 10:56 a.m. ET.

The S&P 500 was down 3.11 points, or 0.13 percent, at 2,347.99, while the Nasdaq Composite was up 24.23 points, or 0.39 percent, at 6,217.15.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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