US stocks skidded lower on Monday after abruptly reversing early gains as investors shrugged off more positive earnings reports amid a strengthening dollar that impacted multinational companies.
The Dow Jones Industrial Average skidded 104.60 points (1.05 percent) to 9,867.58 at the market close, below the psychologically important 10,000 barrier for the second session in a row.
The tech-heavy Nasdaq dropped 12.62 points (0.59 percent) to 2,141.85 and the broad-market Standard & Poor's 500 index slid 12.64 points (1.17 percent) to a preliminary close of 1,066.96.
"A lack of leadership has allowed a strengthening dollar and a technical breakdown among tech issues to take the broader market to marked losses," Briefing.com analysts said in a client note.
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