Liberty Composite slides as dock losses reach the banks.

The Liberty Composite fell 0.74 percent Monday after insurers raised loss estimates tied to last week's Alderney dock fire and lenders disclosed a wider circle of exposure than executives described on Friday.

Bank of Liberty shares gained despite the broader decline after the bank said its direct warehouse exposure was immaterial. An afternoon filing showed indirect exposure through two shipping funds, a municipal lease and an insurer whose exposure the bank had previously called direct.

Alderney Steel lost 2.6 percent on concern that freight delays could interrupt coil deliveries. The company said its inventory remained sufficient for normal operations and declined to define normal while one furnace was offline.

Technology and leisure shares lifted BAWSAQ into positive territory. Analysts credited defensive demand, subscription revenue and the public's preference for screens whenever bridges, markets or weather become difficult.

Bond traders watched a new Liberty City emergency issue expected after Tuesday's council vote. Preliminary documents assign proceeds to transportation, public safety and other lawful municipal purposes, a category broad enough to survive any final bill.

At the close, strategists described the session as constructive, orderly and lower. The first two descriptions belonged to clients who had sold before lunch.