US stock indexes edge lower in early trading; oil slides
U.S. stock indexes edged lower in early trading Monday as investors weighed the latest batch of company earnings news.
Real estate and health care stocks were among the biggest decliners.
Energy companies also fell as the price of crude oil headed lower.
Newell Brands tumbled 5.8 percent after the maker of Rubbermaid, Sharpie, Elmer's Glue and other products reported disappointing sales and issued a full-year sales forecast that fell far short of analysts' estimates.
The company said the strong dollar and fewer people shopping at malls hurt sales of some key products.
Tiffany & Co. fell 1.9 percent a day after the jewelry company's CEO stepped down amid concerns about the company's financial performance.
Hasbro vaulted 16.1 percent after the toymaker's fourth-quarter profit and sales beat Wall Street's estimates.