Stock Market Today: Stocks Fall for Fourth Consecutive Session

Stocks closed lower Monday in a choppy session noticeably light on volume. A lack of economic news – and the fact that the bond market was closed in observance of Columbus Day and Indigenous Peoples Day – helped make for a quiet day of trading. 

Still, heightened anxiety over central bank tightening (opens in new tab), a rising dollar and a dour outlook for the automotive industry made further declines the path of least resistance for equities. Shares in General Motors (GM (opens in new tab), -4.0%) and Ford Motor (F (opens in new tab), -6.8%) sold off after Wall Street analysts predicted both carmakers would suffer steep earnings declines next year. 

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