Dow Falls by 20 After Early Gains

Investors have low hopes for earnings reports
By Newser Editors and Wire Services
Posted Apr 11, 2016 3:15 PM CDT
Dow Falls by 20 After Early Gains
Eric Schumacher, left, works with fellow traders on the floor of the New York Stock Exchange, Monday, April 11, 2016.    (Richard Drew)

US stocks gave up an early gain and closed slightly lower as investors hold dim expectations for company earnings. The Dow Jones industrial average had been up more than 150 points but faded in the afternoon Monday. The average slipped 20 points, or 0.1%, to 17,556. The Standard & Poor's 500 index gave up five points, or 0.3%, to 2,041. The Nasdaq composite lost 17 points, or 0.4%, to 4,833. Big US companies are reporting their quarterly results this week. Banks including JPMorgan Chase and Wells Fargo report later in the week, and railroad operator CSX comes out on Tuesday. The yield on the 10-year Treasury note was little changed at 1.72%. (More stocks stories.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.