Dow fall as oil rebounds

09/19/2005

Monday September 19, 4:07 PM EDT

NEW YORK (Reuters) - U.S. stocks slid on Monday as a surge in oil prices and a possible rate increase by the Federal Reserve on Tuesday raised concerns consumer spending will slow, hindering profit growth in the third quarter.

The Dow Jones industrial average was down 85.74 points, or 0.81 percent, to close unofficially at 10,556.20. The Standard & Poor’s 500 index was down 6.96 points, or 0.56 percent, at 1,230.95. The technology-laced Nasdaq Composite Index was down 15.09 points, or 0.70 percent, at 2,141.07.