U.S. stocks dipped Monday, pointing to a continuation of an April market sell-off that has pushed the Dow Jones Industrial Average lower for four-straight weeks.
The Dow lost about 200 points, or 0.7%. The S&P 500 dipped 0.8%. The Nasdaq Composite lost 0.8%.
Coca-Cola reported better-than-expected quarterly earnings before the bell Monday and shares rose about 1.5% in morning trading.
Investors are watching Twitter as well, whichreportedly is re-examining Elon Musk’s takeover bid. The social media company is nearing a deal to sell itself to the billionaire investor, The New York Times reported, citing unnamed sources. Twitter shares were more than 4% higher in morning trading.
Energy and commodity-related stocks dropped in morning trading as oil prices pulled back.
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