The Dow down again, this time nearly 83 points, again due to anxiety over issues that should have been factored into investment decisions long ago, namely Greece and a September interest rate hike.  The flavor of the day is that the market once again believes in the possibility of a Greek default, despite the lack of evidence and the number of times we've been down this road before.  The dive is also a continued reaction to Friday's stellar jobs report as market anxiety heightens of what now appears to be a probable September rate hike, even though the Fed has been on the record all year that September was the likely month in which the first rate hike in ten years would occur.  And once again, we have the comfort of knowing that most of this is much ado about nothing as volume was exceedingly light at 5.5 billion, meaning most participants continue to watch and not move.

Markets | Mon Jun 8, 2015 6:02pm EDT

Wall Street ends lower, Dow slips into loss for 2015

BY NOEL RANDEWICH

DJ:    17,766.55  -82.91      NAS:   5,021.63  -46.83       S&P:  2,079.28  -13.55

REUTERS/LUCAS JACKSON

U.S. stocks ended lower on Monday as investors worried about Greece and mulled the prospect of the Federal Reserve raising interest rates as early as September.

With investors growing more nervous about the timing of the Fed's first rate hike in nearly a decade, the Dow dipped into negative territory for 2015.

Stronger-than-expected May jobs data released on Friday prompted expectations of a Fed rate hike in September, sooner than some expected.

“The May jobs number is pointing in the direction of a more likely interest-rate hike. The market is cringing at that idea," said Frank Davis, director of sales and trading at LEK Securities in New York.

Also weighing on U.S. investors, officials from Greece and the European Union met on Monday but there was little indication of progress to head off a potential Greek debt default when the country's bailout program expires at the end of June.

"The news flow continues to revolve around Greece," said Alan Gayle, senior investment strategist and director of asset allocation at RidgeWorth Investments in Atlanta. "We're of the opinion that a successful resolution to the Greek problem remains a coin toss."

The dollar retreated after a report – later denied – that President Barack Obama had expressed concern over its strength after a year-long rally.

The Dow Jones industrial average .DJI fell 82.91 points, or 0.46 percent, to end at 17,766.55. The S&P 500 .SPX lost 13.55 points, or 0.65 percent, to 2,079.28 and the NasdaqComposite .IXIC dropped 46.83 points, or 0.92 percent, to 5,021.63.

Nine of the 10 major S&P sectors were lower, with the technology index's .SPLRCT 1.2 percent drop leading the losses.

With Monday's losses, the Dow is down 0.32 percent in 2015, while the S&P 500 is up a modest 0.99 percent and the Nasdaq is 6.02 percent higher.

Atmel Corp (ATML.O) jumped 3.56 percent after Reuters reported the chipmaker is exploring strategic alternatives including a possible sale.

Apple (AAPL.O) weighed most on the Nasdaq Composite and the S&P 500. It was down 0.66 percent to $127.80 after the iPhone maker unveiled a new music service.

Airlines stocks .DJUSAR fell 4.34 percent, with JetBlue (JBLU.O) slumping 7.22 percent. Qatar Airways asked the industry's largest trade group to address protectionism, hitting back against U.S. airlines campaigning to restrict competition from Gulf carriers.

Tesla (TSLA.O) rose 2.87 percent after plans for its Gigafactory got a boost from Panasonic's (6752.T) move to start sending its employees to the plant, with manufacturing expected to begin next year.

Declining issues outnumbered advancing ones on the NYSE by 2,153 to 884, for a 2.44-to-1 ratio on the downside; on the Nasdaq, 1,785 issues fell and 1,004 advanced for a 1.78-to-1 ratio favoring decliners.

The S&P 500 posted 9 new 52-week highs and 9 new lows; the Nasdaq Composite recorded 131 new highs and 28 new lows.

About 5.5 billion shares changed hands on U.S. exchanges, below the 6.1 billion daily average so far in June, according to BATS Global Markets.