Stocks moved lower on Friday as a negative jobs report and growing employment made traders and investors reluctant to buy.
The Dow ended the day down 143.28. The Nasdaq lost 45.42. And the S&P 500 closed lower by 19.38.
Here are 7 Stocks You Need to Know for Monday
Alcoa ( AA | Quote | Chart | News | PowerRating) reports quarterly earnings on Monday after the market closes. Analysts are expecting an EPS loss of ten cents.
In late breaking news on Friday, Morgan Stanley ( MS | Quote | Chart | News | PowerRating) announced that it would be buying a controlling interest in Citigroup's ( C | Quote | Chart | News | PowerRating) brokerage unit. Citigroup announced earlier in the day that Robert Rubin was stepping down as special counselor.
The Wall Street Journal reported that Yahoo! ( YHOO | Quote | Chart | News | PowerRating) was nearing the end of its search to replace outgoing co-founder and CEO, Jerry Yang. Among the candidates is Yahoo! president Susan Decker.
The new entry by Palm ( PALM | Quote | Chart | News | PowerRating) into the competitive smart phone market cheered traders who boosted shares of both PALM and Sprint Nextel ( S | Quote | Chart | News | PowerRating) on Friday.
Reporting earnings before the bell on Monday is Charles Schwab ( SCHW | Quote | Chart | News | PowerRating). The full service brokerage is expected to announce earnings per share of 0.26.
Want to take your trading to another level? Click here to find out more about Larry Connors' new book, Short Term Trading Strategies That Work: A Quantified Guide to Trading Stocks and ETFs!
