U.S. stocks end lower Monday, with Nasdaq seeing biggest losses

U.S. stocks ended lower Monday, after a fresh COVID-19 lockdown in China hurt market sentiment and investors weighed remarks from Federal Reserve Bank of San Francisco President Mary Daly on interest rates. The Dow Jones Industrial Average
DJIA,
-0.13%
edged down 0.1%, while the S&P 500
SPX,
-0.39%
fell 0.4% and the Nasdaq
COMP,
-1.09%
dropped 1.1%, according to preliminary data from FactSet. San Francisco Fed President Daly said Monday that financial markets are acting like the Fed’s benchmark rate is around 6%, instead of the actual 3.75%-4% range. Earlier Monday, the Associated Press reported that China’s southern metropolis of Guangzhou locked down its largest district in a bid to contain a major COVID outbreak.