Down Day on Wall Street as Traders Await Quarterly Reports
Published at
tarabird/iStock/Thinkstock(NEW YORK) — After a hot start to Monday’s session, Wall Street finished the day slightly lower.
The Dow Jones Industrial Average dipped below 18,000, losing 80.61 to close at 17,977.04.
The Nasdaq slipped 7.73 to a close of 4,988.25, while the S&P 500 ended the day at 2,092.43, down 9.63.
A report from Georgetown University shows that there are more jobs available that require a college degree than there were in past year. Bloomberg News reports that the number of high-skill jobs has risen over the past four decades, while low-skill or low-wage labor has dipped 10 percent in that same timeframe.
Also on Monday, the National Basketball Association and PepsiCo announced a deal making the beverage company’s products the official foods and beverages of the league. Coca-Cola had been the league’s official sponsor since 1986.
Traders are also waiting on JPMorgan Chase, Johnson & Johnson and Intel, all of which are all expected to release their quarterly reports on Tuesday.
Follow @ABCNewsRadio
Copyright © 2015, ABC Radio. All rights reserved.