Stocks opened lower on Monday as investors paused after a five-week rally to prepare for key company earnings later in the week, and bank stocks reversed part of their sharp gains from last week.
Shares of Boeing Co
Also hitting sentiment, the U.S. Treasury Department is directing General Motors
The Dow Jones industrial average <.DJI> fell 86.74 points, or 1.07 percent, to 7,996.64. The Standard & Poor's 500 Index <.SPX> slid 8.92 points, or 1.04 percent, to 847.64. The Nasdaq Composite Index <.IXIC> was off 13.84 points, or 0.84 percent, to 1,638.70.
(Reporting by Leah Schnurr; Editing by Theodore d'Afflisio)