October 13, 2014- Stocks Fall in Late Trading

Stocks have fluctuated over the course of the trading day on Monday after showing a substantial move to the downside last week. While the markets have shown a negative bias, selling pressure has waned considerably from earlier in the session. Currently, the major averages are posting modest losses, well off their worst levels of the day. The Dow is down 29.50 points or 0.2 percent at 16,514.60, the Nasdaq is down 6.54 points or 0.2 percent at 4,269.70 and the S&P 500 is down 6.60 points or 0.4 percent at 1,899.53. The volatility on Wall Street may reflect light trading activity due to the Columbus Day holiday and the lack of major U.S. economic data. The economic calendar is set to pick up later in the week, however, with traders likely to keep an eye on reports on retail sales, producer prices, industrial production, and housing starts.