Topic: Kim Caughey
Stocks closed lower on The Street ahead of US corporate earnings reports and the continued instability of markets across the pond. The Dow Jones industrial average slid 36 points to close at 12,736, the index's third straight day of losses.
The Dow Jones industrial average rose 3.4 percent in January and the Standard & Poor 500 gained 4.4 percent, the best performances for both indexes to open a year since 1997.
Stock exchange saw losses for a second straight day after weak retail report.