Stocks indexes post first monthly loss since May

Stocks indexes post first monthly loss since May
GM, Home Depot among gainers; Facebook, Apple down

Stocks indexes post first monthly loss since May
GM, Home Depot among gainers; Facebook, Apple down
SAN FRANCISCO (MarketWatch) — U.S. benchmark stock indexes on Wednesday posted their first monthly loss since May, with Walt Disney Co.’s stock pressuring blue-chips for the session and Facebook Inc. shares weighing down the Nasdaq Composite index.“Clearly the market had tons of data to digest today, and there is much more to come,” said Ryan Wibberley, president and founder of CIC Wealth Management Group.
Sandy had prompted a two-day shutdown of the New York Stock Exchange, with New York City and the East Coast hit hard by the storm on Monday evening.

“The markets are absorbing three days of trading into one with traders taking a neutral attitude as we close in on the [U.S. presidential] election,” said Keith Springer, president of Springer Financial Advisors in Sacramento, Calif. “At a minimum, once the election is behind us, much of the uncertainty will be over.”

The Dow Jones Industrial Average (DJI JIA) fell 10.75 points, or 0.1%, to close at 13,096.46, after trading as high as 13,189.08. It fell 2.5% for the month.
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