US STOCKS-Wall St closes lower as investors ready for earnings

lunes 11 de abril de 2016 16:28 GYT

* Eight of 10 sectors finish negative, as rally fades late

* Financials higher ahead of bank earnings

* Norfolk Southern shares fall as Canadian Pacific drops bid

* Indexes fall: Dow 0.12 pct, S&P 0.27 pct, Nasdaq 0.36 pct (Updates with close of U.S. markets)

By Lewis Krauskopf

April 11 (Reuters) - Wall Street closed slightly lower on Monday, with gains in materials and banks countered by declines in consumer staples shares, as investors girded for the start of an earnings season expected to be gloomy.

Equities gave up gains late in the day with the three major indexes finishing in negative territory after posting losses last week.

Investors are next looking for cues from the first-quarter earnings season, beginning in earnest with Alcoa's report after the bell on Monday. Ahead of the results, Alcoa shares rose 3.9 percent.

Profits at S&P 500 companies are expected to have fallen 7.7 percent in the first quarter, according to Thomson Reuters I/B/E/S.   Continuación...