Indices closed slightly in the red zone Monday. Energy and financial shares such as Exxon Mobil and Bank of America led the dip. Brands managed a rebound from session low levels, however, amid a variety of economic news. The Department of Commerce reported that U.S. personal income edged up by 0.5% in December. The result exceeded an estimated 0.4% increase and added to a 0.1% jump in November. Personal spending was flat in December following a 0.1% rise in November. Elsewhere, crude oil shed 73 cents to settle at $98.30 a barrel. Looking ahead, Amazon, Exxon Mobil, and United Parcel Service are set to release earnings details tomorrow.
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