Dow Sheds 130 Points After Weak Earnings as Investors Await Fed

Oil futures edge lower in choppy trade

by Joseph Adinolfi and Sara Sjolin
Market Watch

The Dow Jones Industrial Average slid more than 100 points on Monday, eroding some of its modest gains from last week, as investors weighed a round of lackluster earnings and awaited policy decisions by the Bank of Japan and Federal Reserve later in the week.

After fluctuating between small gains and losses earlier in the session, oil prices moved lower, with West Texas Intermediate crude futures dropping CLM6, -1.07% 46 cents, or 1%, to $43.29.

The Dow Jones Industrial Average DJIA, -0.62% dropped 130 points, or 0.7%, to 17,874, as Caterpillar Inc. CAT, -2.30% UTX, -1.11% and DuPont Co. DD, -0.80% led the blue-chip average lower.

Meanwhile, the S&P 500 SPX, -0.58% lost 12 points, or 0.6%, to 2,079.

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