US stock market slips in light trading

Source: AP-Excite

By MATTHEW CRAFT

NEW YORK (AP) — Investors sent stocks slightly lower Monday ahead of a busy week for company earnings.

With little news to move the market either way, major indexes spent the day wavering between slim gains and losses. Stocks started higher in the morning, turned lower shortly after midday, then drifted downward until the closing bell.

The Dow Jones industrial average fell 80.61 points, or 0.5 percent, to close at 17,977.04. The Standard & Poor's 500 index slipped 9.63 points, or 0.5 percent, to 2,092.43. The Nasdaq lost 7.73 points, or 0.2 percent, to 4,988.25.

JetBlue Airways surged after the airline reported a 9 percent increase in passengers last month compared with the same period a year ago. The company's stock gained 80 cents, or 4 percent, to $19.85.

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FILE - In this Monday, Aug. 8, 2011 file photo, a pedestrian walks past the New York Stock Exchange in New York. Stocks are opening slightly higher Monday, April 13, 2015, led by gains in the energy sector as the price of oil moves higher. (AP Photo/Jin Lee, File)

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