A NEW WEEK: Stocks closed lower on Monday, pulling the Standard & Poor's 500 index down from the five-year high it reached last week. Investors are turning their attention to corporate profits. Aluminum producer Alcoa launches the reporting season for the fourth quarter of 2012 after the market closes Tuesday.

DROUGHT: Archer Daniels Midland's stock dropped 4 percent. Analysts at JP Morgan Chase said the ongoing drought in the Midwest will likely squeeze the crop-processing company's profit margins.

THE INDEXES: The S&P 500 fell four points to close at 1,461. The Dow Jones industrial average lost 50 points to 13,384.


TOWNHALL FINANCE DAILY

Get the best of Townhall Finance Daily delivered straight to your inbox

Follow Townhall Finance!