Dow falls 150 points, giving up earlier gains [CNBC]
UNITED TECHNOLOGIES (UTX)
Last united technologies earnings: 1/28 06:30 am
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Source: CNBC
show chapters U.S. stocks fell on Monday, giving up earlier gains, as bank shares and Netflix traded lower to kick off the week. The Dow Jones Industrial Average dropped 108 points, led by declines in United Technologies and Procter & Gamble. The S&P 500 fell 0.4 percent as the energy and financials sectors underperformed. The Nasdaq Composite dipped 0.1 percent. Bank of America and Citigroup both fell more than 1 percent. J.P. Morgan Chase and Goldman Sachs traded 0.8 percent and 0.6 percent lower, respectively. The SPDR S&P Bank ETF (KBE) fell 0.8 percent. Netflix and biotechnology stocks also contributed to the decline. Netflix pulled back 2.6 percent while the iShares Nasdaq Biotechnology ETF (IBB) dropped 1.9 percent. The major averages traded higher earlier in the session on the back of a massive rally in Chinese shares and improved rhetoric around Italy's budget situation. The Shanghai Composite rose more than 4 percent to notch its be
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