FOX Business: The Power to Prosper
A weaker-than-expected report on U.S. retail sales and a downgrade of the International Monetary Fund's global economic outlook made for a glum start to the week on Wall Street, with stocks falling solidly into the red.
Today's Markets
As of 10:12 a.m. ET, the Dow Jones Industrial Average fell 48.4 points, or 0.38%, to 12729, the S&P 500 slipped 3.1 points, or 0.23%, to 1354 and the Nasdaq Composite dipped 8.3 points, or 0.28%, to 2900.
The S&P 500 zoomed 1.7% to the upside on Friday in the best daily performance for the broad-market index since late June. However, the gain was only enough to push the index 0.16% into the green for the week.
This week is set to be a busy one from an economic standpoint. There are a slew of closely-watched economic reports on tap, and Federal Reserve Chairman Ben Bernanke is set to testify before Congress on Tuesday.