U.S. stocks closed lower Monday following an underwhelming report on U.S. manufacturing. The dollar gained ground against the euro and the pound but lost ground versus the yen. Light sweet crude oil for May delivery dropped 16 cents to $97.07 a barrel on the New York Mercantile Exchange. Gold futures rose $5.20 to $1,600.90 an ounce. The Dow Jones industrial average lost 5.69, or 0.04 percent, to 14,572.85. The broader Standard & Poor's 500 index dropped 7.02, or 0.45 percent, to 1,562.17. The technology-heavy Nasdaq composite index fell 28.35, or 0.87 percent, to 3,239.17.
