NEW YORK (Reuters) - Stocks retreated on Monday with the Nasdaq falling more than 1 percent as shares of big-cap tech companies declined, while uncertainty over the fate of a possible rescue plan for struggling automakers remained.
* Investors were also looking ahead to an interest rate decision from the Federal Reserve later in the week, with expectations that the central bank will further cut rates.
* The Dow Jones industrial average <.DJI> fell 48.26 points, or 0.56 percent, to 8,581.42. The Standard & Poor's 500 Index <.SPX> was down 5.68 points, or 0.65 percent, at 874.05. The Nasdaq Composite Index <.IXIC> lost 15.16 points, or 0.98 percent, to 1,525.56.
(Reporting by Leah Schnurr; Editing by Theodore d'Afflisio)
