NEW YORK – Stocks are falling ahead of the latest round of corporate earnings reports. Alcoa Inc. will kick off the fourth quarter earnings season when it releases results after the market closes.
The week started with news of two big corporate deals. DuPont said it will buy a Danish food maker for $5.8 billion. Duke Energy is buying Progress Energy in a $13 billion deal that will create of the nation's largest utilities.
The Dow Jones industrial average fell 57 points, or 0.5 percent, to 11,618 in midday trading Monday.
The S&P 500 dipped 5, or 0.4 percent, to 1,267. The Nasdaq composite lost 9, or 0.3 percent, to 2,694.
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