Stocks fell on Wall Street as a strong year for the market looks set to end on a sour note. The S&P 500 closed 1.1% lower Monday. On the second-to-last day of 2024, the benchmark index is still on track for its second straight yearly gain of more than 20%.

US stocks edged lower on Monday on elevated Treasury yields. At the opening bell, the Dow Jones Industrial Average fell 128.3 points, or 0.30%, to 42,863.86. The S&P 500 fell 50.2 points, or 0.84%, to 5,

Wall Street closed in negative territory on Monday in light volume at the top of a holiday-shortened week in the second-to-last trading session of an eventful year in which all three indexes posted strong double-digit gains.