Stocks fell Monday as Delphi Corp.’s bankruptcy filing and lowered outlooks at Northrop Grumman Corp. and Xilinx Inc. set a gloomy tone on Wall Street ahead of the upcoming third-quarter earnings season.
At the close of trading, the Dow Jones Industrial Average lost 53.55, or 0.5 percent, to 10,238.76, its lowest close since mid-May. The Standard & Poor’s 500 Index dropped 8.57, or 0.7 percent, to 1,187.33. The Nasdaq Composite Index sank 11.43, or 0.6 percent, to 2,078.92.
