Wall Street closed
slightly lower on Monday, with gains in materials and banks countered by
declines in consumer staples shares, as investors girded for the start of an
earnings season expected to be gloomy. Equities gave up gains late in the day
with the three major indexes finishing in negative territory after posting
losses last week. Investors are next looking for cues from the first-quarter
earnings season, beginning in earnest with Alcoa's report after the bell on
Monday. Ahead of the results, Alcoa shares rose 3.9 percent.
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