Stocks turned lower this afternoon as interest rates rose in the bond market amid jitters about the stream of new economic data due this week. Only the Dow Jones Industrial Average was higher among the major market indexes.
At 3 p.m. the Dow was up 5.59 at 6,012.61, recovering from a 16-point deficit, but down from a 36-point morning jump. On Friday, the Dow halted a four-day losing streak to move back above 6,000.
But broad-market measures surrendered their early gains as bond prices slipped, sending interest rates higher. The yield on the 30-year Treasury bond -- a key determinant of corporate and consumer borrowing costs -- rose to nearly 6.83 percent from 6.81 percent late Friday.
Declining issues outnumbered advancers by a 3-to-2 margin on the New York Stock Exchange, where volume came to 309.94 million shares, up slightly from Friday afternoon's pace.
The NYSE composite index was down 0.3064 at 372.96.
The Nasdaq composite index was down 0.87 at 1,221.77, and the American Stock Exchange's market value index was down 1.44 at 568.35.
With the flow of major earnings reports slowing to a trickle, the market spotlight began shifting to this week's economic reports, which include key readings on employment costs, the manufacturing sector and the nation's overall third-quarter growth.