Stocks slip in early Monday trading - WKOW 27: Madison, WI Breaking News, Weather and Sports

Stocks slip in early Monday trading

NEW YORK (AP) -- Stock prices are modestly lower in the first few minutes of trading.

  The Dow Jones Industrial Average is down 14 points in today's early going.

  The Nasdaq Composite Index is down 5 points and the Standard-and-Poor's 500 Stock Index is down 3 points.

  Wall Street awaits tomorrow's election and the release of some economic data.

  In the coming hour, reports are due on manufacturing and construction spending.

  Before the opening bell, markets were steady in Europe.

  October auto sales are expected to be quite weak as the manufacturers release their numbers later today.

  In September, automakers sold fewer than 1 million vehicles for the first time in 15 years.

  Circuit City Stores has announced that it will close 155 of its more than 700 stores by the end of the year.

  That means layoffs for about 17 percent of its domestic work force.

  The consumer electronics retailer has had only one profitable quarter in the past year.

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