By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- U.S. stocks were mainly lower on Monday, with the S&P 500 taking a break from its record rise, as Wall Street considered earnings and Tuesday's delayed release of the nonfarm-payrolls report for September.

"Both the economy and earnings appeared to have had good momentum going into the fourth quarter. However, analysts will still need to assess how much the (government) shutdown hurt the economy," noted David Kelly, chief global strategist at J.P. Morgan Funds, in emailed commentary.

Equities improved after the National Association of Realtors reported existing U.S. home sales fell 1.9% in September due to rising prices and mortgage rates.

Wavering between small gains and losses, the Dow Jones Industrial Average (DJI) was lately down 36.22 points, or 0.2%, at 15,363.43.

McDonald's Corp. (MCD) fell 0.7% after the fast-food chain reported sales below expectations. Another Dow component, AT&T Inc., (T) climbed 1.5% after it agreed to sell or lease 9,700 wireless towers.

J.P. Morgan Chase & Co. (JPM) was down slightly after the bank reportedly agreed to pay $13 billion to halt U.S. civil investigations into its mortgage-bond sales.

The S&P 500 index (SPX) shed 1.71 points, or 0.1%, to 1,742.79, with health care losing the most ground and telecommunications faring best among its 10 sectors.

Gannett Co. Inc. (GCI) shares lost 6.6% after the newspaper chain reported a 4% decline in quarterly revenue. Hasbro Inc. (HAS) gained 6.6% after the toy seller reported third-quarter results that beat Wall Street's expectations.

The Nasdaq Composite (RIXF) added 4.44 points, or 0.1%, to 3,918.72.

For every three shares rising, roughly four were down on the New York Stock Exchange, where 180 million shares traded as of 11 a.m. Eastern time. Composite volume neared 905 million shares.

Gold futures (GCZ3) rose $2.10, or 0.1%, to $1,316.70 an ounce, and crude futures (CLX3) lost 91 cents, or 0.9%, to $99.91 a barrel on the New York Mercantile Exchange.

The dollar(DXY) gained against the currencies of major U.S. trading partners, including the euro (EURUSD) and the yen (USDJPY).

The yield on the 10-year Treasury note (10_YEAR) used in figuring mortgage rates and other consumer loans rose 3 basis points to 2.612%.

The global economy is "still on the mend in the face of the easiest monetary policy ever implemented by developed-nation central banks. As the economy improves and earnings rise, this aid will gradually be reduced, boosting interest rates. Despite recent stock-market gains, such an environment still supports the idea of an overweight to equities relative to fixed income around the world," wrote J.P. Morgan Funds' Kelly.

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