U.S. stocks close down, kicking week off with losses amid growth concerns

U.S. stocks ended lower Monday, as China's latest restrictions aimed at curbing the spread of COVID-19 added to global growth concerns. The Dow Jones Industrial Average closed about 0.5% lower, while the S&P 500 fell more than 1% and the Nasdaq Composite dropped about 2.3%, according to preliminary FactSet data. Utilities and real estate were the sectors of the S&P 500 to book gains, while communication services and consumer discretionary saw the biggest losses in the index. Utilities gained around 0.6% Monday, while real estate eked out a gain of less than 0.1%.

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