NEW YORK (AP) — U.S. stocks are closing lower, putting the Dow Jones industrial average into the red for the year.
Airlines were among the biggest decliners Monday as investors worried that expanding capacity could hurt their profits. Delta Air Lines fell 5 percent and JetBlue Airways fell 7 percent.
Stocks have been falling broadly over the last two weeks as traders try to anticipate when the Federal Reserve will begin raising interest rates from their historic lows.
The Dow Jones industrial average gave up 82 points, or 0.5 percent, to 17,766.
The Standard & Poor’s 500 index lost 13 points, or 0.7 percent, to 2,079. The Nasdaq composite declined 46 points, or 0.9 percent, to 5,021.
European stocks lost ground following several days of tense rhetoric between Greece and its creditors.
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