Wall Street declined in choppy trading on Monday, with the Standard & Poor’s 500 Index halting a two-day advance, as small-cap shares resumed a selloff and traders nervously awaited the start of earnings season.
The Dow Jones industrial average fell 18 points, or 0.1%, to 16,992, the S&P 500 lost three points, or 0.16%, to 1,965 and the Nasdaq Composite dropped 21 points, or 0.47%, to 4,455.
With top economic indicators, including payrolls, out of the way, equities had little in the way of catalysts. The recent strength in the US dollar and continued weakness in the European economy cast a shadow over the earnings season that is about to begin.
[Source: www.citywire.co.uk/New-Model-Advisor/ – Author: Himanshu Singh – October 7, 2014]
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