How the major stock indexes fared on Monday

AP News
Posted: Oct 08, 2012 4:51 PM
How the major stock indexes fared on Monday

Investors looked warily at forecasts for poor U.S. corporate earnings and weaker growth in Asia and decided there wasn't much reason to buy stocks.

Companies in the S&P 500 index are expected to post an overall decline in profits for the first time in 11 quarters, according to FactSet. Also Monday, the World Bank warned that a "more pronounced slowdown" is possible in China, the world's second-largest economy. That could put a drag on the U.S.

The Dow Jones industrial average fell 26.50 points, or 0.2 percent, to close at 13,583.65.

The Standard & Poor's 500 index fell 5.05 points, or 0.4 percent, to 1,455.88.

The Nasdaq composite fell 23.84 points, or 0.8 percent, to 3,112.35.

For the year so far:

The Dow is up 1,366.09 points, or 11.2 percent.

The S&P 500 is up 198.28 points, or 15.8 percent.

The Nasdaq is up 507.20 points, or 19.5 percent.