Stocks Seesaw, Close Down

Investors hold their breath for coming Q1 earnings reports
By Nick McMaster,  Newser Staff
Posted Apr 14, 2008 3:34 PM CDT
Traders work the floor of the New York Stock Exchange, Monday, April 11, 2008, in New York.    (AP Photo/ Louis Lanzano)
camera-icon View 2 more images

(Newser) – Stocks wobbled today, eventually posting modest losses as investors still processing GE’s poor results absorbed Wachovia's unexpected losses and steeled themselves for more disappointment from first-quarter earnings reports. The Dow ended the day down 23.36 at 12,302.06, the Nasdaq dropped 14.42 to 2,275.82, and the S&P 500 fell 4.51 to 1,328.32.

"Investors are very much in wait-and-see mode—Intel, JP Morgan, Merrill and IBM all report this week, and people are waiting to see those big names," one analyst told MarketWatch.