Stocks Fall amid Higher Oil, Mergers

GM warned that the mortgage mess was hurting sales and oil prices spiked, while deal news enlivenened some stocks

Stocks finished lower Monday amid higher oil prices, while international merger activity boosted some names. The biggest loser in the Dow Jones Industrial average was General Motors (GM), which got hit after the company's vice chairman Bob Lutz warned that troubles in the mortgage market has hurt U.S. auto sales this month. Analyst downgrades hurt Dow average components Exxon Mobil (XOM) and Pfizer (PFE).

To continue reading this article you must be a Bloomberg Professional Service Subscriber.