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Q4 Earnings Jitters, Jobs Report Hangover Leave Stocks at Three-Week Low
By: MT Newswires
Wall Street continued to be plagued by last Friday's weak jobs report and worries that a possible economic slowdown could show up in Q4 earnings. With nearly every sector in the red, the Dow Industrials closed with a triple-digit loss, and at its lowest level in more than three weeks. Energy stocks were hit especially hard by the continued drop in oil prices. The weak tone permeated retailers and financial stocks as well, leading into this week's earnings from JP Morgan ( JPM ), Wells Fargo ( WFC ), and Bank of America ( BAC ).