Stocks End Lower on Earnings Worries

Negative sentiment about profits outweighed a brokerage upgrade of tech bellwether Cisco Systems. The Nasdaq closed below 2,000

Despite an upgrade on tech bellwether Cisco Systems Inc. (CSCO ) from a Wall Street analyst, overall concerns about disappointing second-quarter results and near-term outlooks dominated the market, pressuring stocks to finish solidly lower Monday.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.