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Dow 11,958 -226.48 -1.86%
Nasdaq 2,597 -49.68 -1.88%
S&P 1,230 -25.49 -2.03%
No major U.S. economic date are due Monday, so investors will be looking ahead to reports on retail sales and the Federal Reserve's monetary-policy meeting on Tuesday, producer prices, regional manufacturing activity and industrial production on Thursday and consumer prices on Friday.
In corporate news, Ingersoll-Rand increased its annual dividend for the second time this year, raising the payout 33% to 64 cents a share from 48 cents a share, but shares still lost 2.4%. Diamond Foods tumbled 23% after the company said it would delay its quarterly filing due to an investigation into crop payments to walnut growers, adding that it expects to get a deficiency notice from Nasdaq. The company faces challenges from walnut growers over what are known as momentum payments that could delay the snack maker's planned $2.35 billion acquisition of Pringles from Procter & Gamble, The Wall Street Journal reported.
Goodyear Tire lost 2.6%. Shortages as a result of Thailand's catastrophic flooding earlier this year could spread to the market for aircraft tires as soon as February or March, the company said Friday.
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