– National

Wall Street’s hopes of prolonging its year-end rally suffered another blow Monday as cautious traders sold off stocks and the technology sector posted a steep decline.

The Dow Jones Industrial Average fell 39.06, or 0.4 percent, to 10,836.53, after spending most of the day in positive territory. The Standard & Poor’s 500 Index slipped 7.40, or 0.6 percent, to 1,259.92. The Nasdaq Composite Index dropped 29.74, or 1.3 percent, to 2,222.74.

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– Local


Local movers were led by Kennedy-Wilson Inc., which rose 5.6 percent to $14.10, and Wesco Financial Corp., which gained 1.8 percent to $367.50. On the down side, shares of IRIS International Inc. lost 12 percent to $22.36 and First Regional Bancorp fell 3.9 percent to $71.

Shares of ValueClick Inc. rose 8.4 percent, to $18.84 after the Westlake Village-based Internet advertising agency said that Fathom Online chose software from its Mediaplex unit to track and measure data for search marketing campaigns.

Keystone Automotive Industries Inc. gained 3.7 percent to $32 after the Pomona-based collision repair parts distributor’s stock rating was raised to “outperform” from “market perform” by Morgan Keegan.

Shares of KB Home and Ryland Group Inc. fell 2.2 percent to $73.24 and 2.8 percent to $73.03, respectively, after an index of U.S. home builder sentiment fell in December to its lowest since April 2003, the National Association of Home Builders said. The NAHB/Wells Fargo Housing Market index slid to 57 in December, seasonally adjusted, from November’s revised 61.

Teledyne Technologies Inc. sank 4.1 percent to $28.48 after Bloomberg News reported that the L.A.-based company will pay $20 million of a $26 million settlement to the family of a North Carolina real estate developer and his wife who were killed in the 1999 crash of a private plane equipped with one of its engines. Teledyne will pay $20 million and other defendants will pay nearly $6 million.