Wall Street ends down sharply ahead of earnings

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Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – U.S. stocks fell on Monday on caution ahead of an onslaught of corporate results as negative pre-announcements pile up, leaving a lackluster profit growth outlook. Based on the latest available data, the Dow Jones industrial average fell 177.57 points or 1.08 percent, to 16,259.48; the S&P 500 lost 23.25 points, or 1.26 percent, to 1,819.12; and the Nasdaq Composite dropped 61.36 points, or 1.47 percent, to 4,113.304. (Reporting by Caroline Valetkevitch; Editing by Leslie Adler)

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