Indices closed the session in red territory. Stocks retreated on a variety of economic news. Crude oil took a breather on Friday. West Texas Intermediate crude slipped 2.8% today to settle at $40.36 a barrel.
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Indices closed in red territory on Monday. Health care stocks such as Valeant Pharmaceuticals, Celgene, and Regeneron Pharmaceuticals traded lower while financials such as JPMorgan Chase and Goldman Sachs Group stepped up. Early market momentum faded late in the session.