New York -- U.S. stock indexes finished off Monday with traders concerned over the financial sector's health in the wake of Citigroup's management shake-up and write-downs.
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The Dow Jones industrial average fell 51.70 points, 0.38 percent, to close at 13,543.40 despite a late move into positive territory. The Standard & Poor's 500 dropped 7.48 points, 0.50 percent, to 1,502.17, while the Nasdaq composite index dipped 15.20 points, or 0.54 percent, to 2,795.18.
Citigroup said Sunday Charles Prince, its chairman and chief executive, would depart and that the financial services giant would likely write down between $8 billion and $11 billion in the current quarter.
On the New York Stock Exchange, 776 stocks advanced and 2,472 declined, on composite volume of 3.9 billion shares.
The dollar was mixed overseas. The euro was at $1.4462 from $1.4514 Friday, while the dollar was at 114.47 yen from 114.82 yen.
The U.S. Treasury 10-year note yielded 4.34 percent Monday.
In London, the FTSE 100 Index lost 1.4 percent and closed at 6,438.90.
Japan's Nikkei ended its trading session 0.9 percent lower at 16,362.64.
© 2007 United Press International.
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