The major indexes ended lower as investors fear the worst for the first-quarter earnings season. The Dow Jones industrial average closed off 100.85 at 9,777.93.
People seem to be selling with no concern for price, away from that, it's a lackluster day.
People are awaiting earnings and pre-announcements. There was little news out today to move the markets, but investors remain worried about earnings growth, especially with reporting season starting next week, analysts say. The nervousness and uncertainty contributed to today's losses. The company said that earnings for the first quarter would come in lower than the 51 cents expected. The company now sees earnings of 40 cents a share, or 18 percent below the year-ago period's earnings.