• The Dow Jones Industrial Average fell 79.33 points, or 0.31 percent, to 25,916.54, the S&P 500 lost 6.37 points, or 0.22 percent, to 2,871.68 and the Nasdaq Composite dropped 20.19 points, or 0.25 percent, to 7,902.54.
For the week, the Dow lost 0.19 percent, the S&P fell 1.03 percent, and the Nasdaq shed 2.55 percent. The Nasdaq registered its greatest weekly percentage decline since late March, while the S&P’s weekly percentage drop was its biggest since late June.
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• A healthy outlook for U.S. revenue growth stands to soothe stock investors worried about the effect on corporate profits from tax cuts wearing off next year.
• S&P 500 revenue growth, which hit 9.5 percent in the second quarter, its fastest pace since 2011, is estimated at 8.2 percent for 2018, according to Thomson Reuters data.
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• Asian markets were broadly lower on Monday morning as trade tensions between the U.S. and China remain in focus.
• The Nikkei 225 was slightly up in early trade, while South Korea's Kospi was largely flat.
• Down Under, the ASX 200 slid by 0.26 percent as the heavily weighted financials sector declined by 0.47 percent.
Reference: CNBC, Reuters
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