U.S. stocks down on Citigroup earnings

New York -- U.S. stock indexes closed down Monday on Citigroup Inc.'s big income slump and the creation of a large U.S. fund to buy bonds when other investors avoid them.

The Dow Jones industrial average was down 108.28 points, or 0.77 percent, to close at 13,984.80. The broader Standard & Poor's 500 Index fell 13.09 points, or 0.84 percent, at 1,548.71.

On the New York Stock Exchange, 898 stocks rose and 2,396 declined, on composite volume of 3.2 billion shares traded.

The technology-heavy Nasdaq Composite Index lost 25.63 points, or 0.91 percent, at 2,780.05.

In London, the FTSE 100 stock index lost 86.20 points, or 1.28 percent, to close at 6,644.50.

Japan's Nikkei 225 stock index finished the day up 26.98 points, or 0.16 percent, at 17,358.15. The broader Tokyo Stock Price Index, or Topix, fell 0.12 percent to 1,657.44.

The benchmark 10-year U.S. Treasury note was up 3/32, yielding 4.673 percent, while the 30-year bond was down 1/32, yielding 4.907 percent.

The U.S. dollar fell to 117.29 yen from 117.62 yen in New York late Friday. The euro rose to $1.4201 from $1.4178.

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