U.S. stocks closed lower on Monday trading session as companies from SodaStream to Express Inc reported their weak quarterly results and on speculation that the U.S. Federal Reserve may reduce tapering as the economy losing its momentum. The Dow Jones industrial average slipped 1.09% to 16,257.94, the S&P 500 Index fell 1.26% to 1,819.2 and the Nasdaq Composite Index tumbled 1.47% to 4,113.304.