A look at the day's business news headlines:
Dow holds above 11,000
Stocks ended with slight gains Monday as investors shifted their focus towards corporate financial results.
The Dow Jones industrial average gained nearly 3 points, or less than
0.1%, to close at 11,010 points. The S&P 500 edged up 2 points, while the
Nasdaq gained about half a point.
The U.S. government and Treasury market were closed for Columbus Day, but all other financial markets were open. Trading volumes were light because of the holiday, and stocks traded in a narrow range for most of the session.
Stocks were supported earlier by ongoing speculation that the Federal
Reserve will take additional steps to boost the economy.
But the market reversed course late Monday afternoon, as investors look
ahead to quarterly financial statements due later this week from several major U.S. companies, including Intel, which reports after the closing bell Tuesday.
JPMorgan and General Electric are also scheduled to release third-quarter results this week, as well as Google and Mattel.
"There's a lot ahead of us this week and not much news today to set the
tone," said Nick Kalivas, vice president of financial research at MF Global. "I think people are waiting for direction."
β CNNMoney.com reporter Ben Rooney contributed to this report.