Stocks closed broadly lower after a day of choppy trading on Wall Street on Monday as investors prepare for a busy week of corporate earnings and inflation updates.
The Dow Jones industrial average fell 250.19 points, or 0.7%, to 34,496.06 and the Nasdaq composite shed 93.34 points, or 0.6%, and closed at 14,486.20. Most sectors ended in the red. Real estate stocks, which are seen as relatively less risky, were among the few bright spots within the S&P 500. Investors are looking ahead to the beginning of company earnings reports this week. Analysts have said that the latest round of corporate results could help give the market more direction after several choppy weeks. Stocks have been swaying between gains and losses as investors try to better gauge the direction of the economic recovery through the rest of the year.
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