Investors also are bracing for a weak
first-quarter profit season, with earnings for S&P 500 companies projected
to have fallen 7.1 percent from the year-ago first quarter, according to
Thomson Reuters data.
The Dow Jones industrial average closed down
55.75 points, or 0.31 percent, to 17,737, the S&P 500 lost 6.65 points, or
0.32 percent, to 2,066.13 and the Nasdaq Composite dropped 22.75 points, or
0.46 percent, to 4,891.80.
Stocks have mostly gained since mid-February, recovering from deep losses thanks to stabilizing oil prices and reduced concerns about China's economy.
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