U.S. stocks closed lower Monday, as the technology sector was in focus. In international economic news, a Chinese government official hinted that foreign investment in China's capital markets could be allowed to expand dramatically. In corporate news, Apple was among the biggest losers in Nasdaq as it announced it would cut orders for iPhone 5 components due to weak demand. Dell climbed nearly 13 percent following a Bloomberg report that the PC maker was in talks to go private. Hewlett-Packard also rose sharply on news that it had dethroned Lenovo as the top PC maker. The dollar fell against the euro, but rose versus the pound and the yen. Light sweet crude oil for February delivery gained 58 cents to $94.14 on the New York Mercantile Exchange. Gold futures climbed $8.80 to $1,669.40. The Dow Jones industrial average rose 18.89, or 0.14 percent, to 13,507.32. The broader Standard & Poor's 500 index lost 1.37, or 0.09 percent, to 1,470.68. The technology-heavy Nasdaq composite index fell 8.14, or 0.26 percent, to 3,117.50.
