U.S. stocks ended moderately lower Monday, with analysts tying pressure to concerns about global economic growth after a round of lackluster trade data from China as fourth-quarter earnings season got under way.
The S&P 500 ended 0.5% lower near 2,583, according to preliminary figures, while the Dow Jones Industrial Average declined around 86 points, or 0.4%, to close near 23,910. The Nasdaq Composite shed around 66 points, or 0.9%, to finish near 6,906.
On the earnings front, shares of Citigroup Inc. rallied 4% after the banking giant reported that earnings bounced back in the fourth quarter from a loss a year earlier, while revenue fell, led by a decline in trading revenue.
Source : Market Watch