U.S. stocks extend losses ahead of quarterly repor
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U.S. stocks extend losses ahead of quarterly reports
TripAdvisor, Baidu fall 3%
NEW YORK (MarketWatch) — U.S. stocks slid Monday, adding to Friday’s drop, which was led by once-highflying biotech and Internet stocks.
Asian and European markets have joined in the tech-led slump. With Monday’s session light on economic data, investors are looking ahead to the start of first-quarter earnings season, and some analysts sound downbeat about the coming reports.
The S&P 500 (SNC:SPX) was last down 9 points, or 0.5%, to 1,856, while the Dow Jones Industrial Average (DJI
JIA) shed 94 points, or 0.6%, falling to 16,317 after briefly turning positive. The Nasdaq Composite (NASDAQ:COMP) slid 20 points, or 0.5%, to 4,107.
On Friday, the Nasdaq fell 2.6% for its worst drop in two months. The tech-heavy index suffered a weekly loss of 0.7%, while the S&P 500 and Dow managed weekly gains of 0.4% and more than 0.5%, respectively. http://www.marketwatch.com/story/stocks-exten...2014-04-07
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