U.S. stocks retreat at start

[Italkcash Newsfeed]

U.S. stocks fell at Monday's open, following a three-day run of gains, with investors pulling back ahead of data expected to illustrate declining car sales and slowing construction spending, further fueling anxiety before Friday's jobs report.

"Auto sales, construction spending ... all point to a weaker economic outlook. Friday's jobs report should show non-Farm payrolls down 550,000 and the rate above 7%," said Tom DiGaloma, head of U.S. bond trading at Jefferies & Company Inc.

Source: Marketwatch