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Dow closes below 16,000 after trading above milestone for first time

S&P 500 hits 1,800

Traders worked on the floor of the New York Stock Exchange.

Richard Drew/AP

Traders worked on the floor of the New York Stock Exchange.

NEW YORK (AP) — Stocks are ending mostly lower after the market reached two major milestones earlier in the day.

The Standard & Poor’s 500 index closed with a modest loss after crossing 1,800 for the first time Monday.

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The Dow Jones industrial average also reached 16,000 for the first time. Neither index closed above those levels, however.

The S&P 500 fell six points, of 0.4 percent, to close at 1,791. The Dow edged up 14 points, or 0.1 percent, to 15,976. The Nasdaq composite gave up 37 points, or 0.9 percent, to 3,949.

Boeing rose after getting a large number of orders at the Dubai Airshow.

The yield on the 10-year Treasury note fell to 2.67 percent.

Three stocks fell for every two that rose on the New York Stock Exchange.

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