Tuesday, October 5, 2010

Dow Declines as Earnings Approach

Dow closed in red zone 0.72 %  due to factory data
Stocks dropped Monday as investors turned cautious ahead of Friday's September employment report and the start of the earnings season.
The Dow Jones Industrial Average fell as much as 118 points before settling 78 points, or 0.7% lower at 10,751. The S&P 500 shed 9 points, or 0.8%, to 1,137, and the Nasdaq suffered the steepest knock, declining by 26 points, or 1.1%, to 2,344.

Investors were greeted Monday morning with the kind of mixed economic reports that have come to be expected in a stalling economic recovery.
Factory orders slipped 0.5% in August after rising 0.5% in July, the Department of Commerce said. The decline was in line with expectations.

Dow Jones Industrial Average

 (DJI: ^DJI)
Index Value:10,751.27
Trade Time:4:04PM EDT
Change:Down 78.41 (0.72%)
Prev Close:10,829.68
Open:10,828.85
Day's Range:10,711.12 -10,853.71
52wk Range:9,378.77 -11,309.00