Summary
NEW YORK 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.
The market extended last week's losses as investors grew anxious for earnings reports to gauge the impact of hurricanes Katrina and Rita, and to get a glimpse of where the economy is headed as companies forecast future results. But the market received some good news after the close, when aluminum producer Alcoa Inc. posted a profit that beat analysts' forecasts despite pressure from soaring energy costs and lower aluminum prices.See the full content of this document
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