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Stocks Slip

Indices closed in the red zone on Monday. Energy brands such as Anadarko Petroleum and Chevron led decliners. West Texas Intermediate crude oil dipped 1.5% today to settle at $53.01 a barrel. In earnings moves, Hasbro ticked up 14% after reporting stronger-than-anticipated fourth-quarter earnings while food service company Sysco slipped 2.5% after posting fiscal second-quarter adjusted earnings of 58 cents a share, which exceeded forecasts by four cents. Looking ahead, earnings reports are due on Tuesday from companies such as Walt Disney, Gilead Sciences and Zillow Group.

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