Stocks closed broadly lower Monday in the final trading session before first-quarter earnings season gets under way. Traders are concerned about the effect of higher oil and food costs on corporate margins. After the market closed Alcoa Inc. reported earnings that came in below expectations. Stocks turned lower in the afternoon after the International Monetary Fund said higher gas prices could slow the pace of the U.S. economy.
The Dow Jones industrial average rose 1.06, less than 0.1 percent, to 12,381.11.
The S&P 500 index fell 3.71, or 0.3 percent, to 1,324.46.
The Nasdaq composite fell 8.91, or 0.3 percent, to 2,771.51.
For the year to date:
The Dow is up 803.60, or 6.9 percent.
The S&P is up 66.82, or 5.3 percent.
The Nasdaq is up 118.64, or 4.5 percent.