NEW YORK—Stocks are closing little changed Monday as investors assess whether stock valuations are overstating the recent improvement in the economy.

The Dow Jones industrial average fell 26.81 points, or 0.2 percent, to 15,091. The Standard & Poor's 500 index was little changed at 1,633.77.

The Dow and the S&P both closed at record highs Friday.

The Nasdaq composite rose 2.21 points, 0.1 percent, to 3,438.79.

Declining stocks outnumbered advancers on the New York Stock Exchange. Volume was light at about 2.9 billion shares.


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