Dow, S&P 500 slide as focus shifts to earnings; Nasdaq gains


The Dow Jones Industrial Average fell 328.6 points, or 1.39%, to 23,390.77, the S&P 500 lost 28.19 points, or 1.01%, to 2,761.63 and the Nasdaq Composite added 38.85 points, or 0.48%, to 8,192.43. (The New York Stock Exchange (NYSE) building is seen in New York City, New York.)

NEW YORK: The Dow and S&P 500 fell on Monday as U.S. companies prepared to kick off a quarterly earnings season expected to be rough due to the coronavirus pandemic, while Amazon.com gains helped the Nasdaq end higher.

Stocks pared losses late in the day, with the Nasdaq registering its first three-day streak of gains since Feb. 12. Amazon.com gave the index its biggest boost, gaining 6.2% as the retail giant said it would hire 75,000 more people amid a surge in demand for online orders.

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