S&P and Nasdaq biggest decline in 2 months on earnings and taper
Wall Street closed near to lows on Monday as investors are stressed about the earnings season that starts this week and further taper talks after last Friday better than expected unemployment rate report.
The Dow Jones closed down for fourth day, its longest losing streak in 5 weeks. The S&P and the Nasdaq suffered its biggest drop in nearly 2 months.
The DJIA declined 179.11 points or 1.09% to close the day at 16,257.94; the S&P 500 lost 23.17 pts or 1.26% to finish at 1,819.20: and the Nasdaq Composite eased 61.36 pts or 1.47% to 4,113.30.
Dow down 1.09%, S&P down 1.26% and Nasdaq lower by 1.47%.
Sentiment looks likely to carry over to the Asian markets, Nikkei futures down 0.82%, local ASX/200 down 0.80% and the Heng Seng down 0.01%