Wall Street dips as earnings worries deepen

April 14, 2015 4:06 AM

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New York - US stocks dipped on Monday as fears increased that the strong dollar and lower oil prices will hurt US first-quarter earnings.

Nine of the 10 S&P 500 sectors fell, led by a 1.1 percent decline in S&P industrials. Shares of General Electric dropped 3.1 percent to $27.63 after rallying on Friday, when the company said it may return more than $90 billion to investors through 2018. Shares of 3M were down 0.7 percent at $165.84.

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