updated 4/25/2011 8:04:16 PM ET 2011-04-26T00:04:16

Mixed corporate earnings reports weighed on stocks Monday.

Kimberly-Clark Corp., the maker of Kleenex and Huggies, dropped 2.7 percent after missing earnings estimates. The company also lowered its earnings forecast for the full year and said it plans to raise prices to offset higher costs.

Traders said rising commodity costs were making investors cautious.

Major Market Indices

"It's becoming harder to become overly exuberant over backwards-looking earnings when it's clear that consumers' pocketbooks are getting squeezed over higher gasoline costs," said Paul Zemsky, a market strategist at ING Investment Management. "Given that we're near the ... highs for the year, we're certainly not adding to our (stock) positions until we get a sense of what these oil prices mean to the consumer."

Johnson Controls Inc. fell 2.8 percent. The auto parts supplier said it expects revenue to drop by $500 million in the third quarter because of the earthquake in Japan.

The Dow Jones industrial average lost 26.11 points, or 0.2 percent, to close at 12,479.88. The Standard & Poor's 500 index lost 2.13, or 0.2 percent, to 1,335.25. The Nasdaq composite edged up 5.72 points, or 0.2 percent, to 2,825.88.

Worries about rising prices and a weak dollar helped push up precious metals. Silver futures rose $1.09 to settle at $47.15 an ounce. The price has risen 52 percent since the first of the year. Gold rose $5.30 to settle at $1,509.10 an ounce.

Quotes delayed 15+ min.

Monday was light on economic data. The Commerce Department reported that sales of new homes rose more than expected in March to 300,000. That's still less than half of the 700,000-a-year pace that economists consider healthy.

More than three shares rose for every four that fell on the New York Stock Exchange. Trading volume was 2.9 billion shares.

Ford Motor Co., Coca-Cola, and 3M Co. are among the companies reporting earnings Tuesday.

© 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Data: Highs and lows of the bull market

Photos: Pain at the Pump

loading photos...
  1. (Randy Bish / Politicalcartoons.com) Back to slideshow navigation
  2. (Dave Granlund / Politicalcartoons.com) Back to slideshow navigation
  3. (Brian Fairrington / Politicalcartoons.com) Back to slideshow navigation
  4. (John Darkow / The Columbia Daily Tribune, Politicalcartoons.com) Back to slideshow navigation
  5. (Joe Heller / Green Bay Press Gazette, Politicalcartoons.com) Back to slideshow navigation
  6. (Martin Sutovec / Slovakia, Politicalcartoons.com) Back to slideshow navigation
  7. (Mike Keefe / Denver Post, Politicalcartoons.com) Back to slideshow navigation
  8. (Jim Day / Politicalcartoons.com) Back to slideshow navigation
  1. Editor's note:
    This image contains graphic content that some viewers may find disturbing.

    Click to view the image, or use the buttons above to navigate away.

  2. Editor's note:
    This image contains graphic content that some viewers may find disturbing.

    Click to view the image, or use the buttons above to navigate away.

  3. Editor's note:
    This image contains graphic content that some viewers may find disturbing.

    Click to view the image, or use the buttons above to navigate away.

  4. Editor's note:
    This image contains graphic content that some viewers may find disturbing.

    Click to view the image, or use the buttons above to navigate away.

  1. Randy Bish / Politicalcartoons.com
    Above: Slideshow (8) Pain at the pump
  2. Cam Cardow / Ottawa Citizen, Politicalcartoons.com
    Slideshow (9) Trapped in the economy
  3. Mike Keefe / The Denver Post, Politicalcartoons.com
    Slideshow (7) Where's my job?

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.97%
$30K home equity loan FICO 5.23%
$75K home equity loan FICO 4.67%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.28%
13.21%
Cash Back Cards 17.74%
17.70%
Rewards Cards 17.01%
16.96%
Source: Bankrate.com