Stock market reverses course in Monday afternoon trade, with Dow down about 120 points

U.S. banal markets turned southbound Monday afternoon, with early, humble gains fizzling, amid selling successful financials XLF, -0.60% and connection services XLC, -0.90%. The Dow Jones Industrial Average DJIA, -0.39% was trading astir 115 points lower, oregon 0.3%, astatine 34,630, the S&P 500 scale SPX, -0.30% was trading 0.3% little astatine 4,380, portion the Nasdaq Composite Index COMP, -0.10% shed 0.1% astatine 14,560. All 3 benchmarks had been showing humble gains earlier successful the session. The Treasury is closed successful observance of Columbus Day successful the U.S.