Stocks ended slightly lower on Monday as Wall Street began to right itself after last week’s large losses, but investors largely shrugged off record high oil prices that weighed on the markets.

The Dow Jones Industrial Average fell 7.06, or 0.1 percent, to 10,290.78 after dropping nearly 290 points last Thursday and Friday combined. The Standard & Poor’s 500 Index slipped 0.88, or 0.1 percent, to 1,190.69. The Nasdaq Composite Index declined 8.07, or 0.4 percent, to 2,045.20.

After hitting a record $60.95 per barrel during the session, August crude oil futures closed up 70 cents a barrel to $60.54 on the New York Mercantile Exchange.

Among local companies, shares of Napster Inc. gained 6.9 percent to $4.17 soon after the Supreme Court handed down a decision Monday that file-sharing networks Grokster Inc. and Los Angeles-based StreamCast Networks Inc. could be held liable for copyright infringement if users illegally trade movies, music and other copyrighted material.

In a report, Piper Jaffray & Co, which maintained its “outperform” rating, said an expected slowdown in peer-to-peer file-sharing resulting from the ruling “would likely lead to a pick-up in sales for legitimate online content providers.”

Shares of Sports Club Co. fell 5.5 percent to $1.56 after the L.A.-based high-end gym operator was hit late Friday with a delisting warning from the American Stock Exchange. The exchange said it is seeking to delist the company for not filing its latest annual and quarterly reports.

Shares of Cogent Inc. lost 2.7 percent to $27.27 after the South Pasadena-based fingerprint identification systems company announced the closing of its public offering of 12.7 million shares of its common stock at a price of $25.50 per share.

Nearly 4 million shares were offered by the company, and 8.7 million were sold by certain executives and stockholders, Cogent said in a statement.