Wall Street drops as investors wary of weak earnings
NEW YORK (Reuters) – U. S. stocks slipped in light trading on Monday, pulling back from recent five-year highs ahead of an earnings season expected to be weak. Trading volume was the lowest so far this year in a full session as the U. S. government and the bond market were closed for the Columbus Day holiday. About 4. 1 billion shares changed hands on the New York Stock Exchange, the Nasdaq and NYSE MKT, compared with the year-to-date daily average of 6. 54 billion to last Friday. . . .
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