A Red Monday

Brands took a breather on Monday. Home Depot, Walt Disney, and General Electric led Dow decliners by percentage. Stocks dipped amid euro-zone and China concerns. European finance ministers met in Luxembourg today to discuss Spain’s overhaul effort and closer banking cooperation. Meanwhile, the World Bank reduced China’s growth outlook for this year and 2013. On another note, crude oil futures shed 43 cents to settle at $89.45 a barrel. Looking ahead, earnings season kicks off tomorrow with third-quarter details due from Alcoa.

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