Stocks lower on weak U.S. earnings outlook

Trader Gregory Rowe, center, works on the floor

advertisement | advertise on newsday

Trader Gregory Rowe, center, works on the floor of the New York Stock Exchange Friday. On Monday, Wall Street looked as though it would open lower with Dow Jones industrial futures down 0.4 percent to 13,485. (Oct. 5, 2012) (Credit: AP )

Investors looked warily at forecasts for poor U.S. corporate earnings and weaker growth in Asia and decided there wasn't much reason to buy stocks.

The Dow Jones industrial average gave up 26.50 points to close at 13,583.65 points Monday. The Standard & Poor's 500 index fell 0.35 percent to 1,455.88 and the Nasdaq composite lost 0.76 percent to 3,112.35.

Companies in the S&P 500 index...

Continue Reading

Already a Newsday or Optimum customer ?

Get unlimited digital access $1 for 4 Weeks

$0.99/Week Thereafter

Get the Biz Briefing newsletter!

The latest LI business news in your inbox daily.

Sign up

By clicking Sign up, you agree to our privacy policy.

Comments

Newsday.com now uses Facebook for our comment boards. Please read our guidelines and connect your Facebook account to comment.

By using this site, you agree to our Privacy policy.

OK