Stocks Fell amid Caution on Ukraine and Gaza

U.S. stocks fell on Monday as investors remained cautious amid ongoing instability in Ukraine and Gaza. The Dow Jones industrial average fell 48.45 points, or 0.28 percent, to end at 17,051.73. The S&P 500 slipped 4.59 points, or 0.23 percent, to finish at 1,973.63. The Nasdaq Composite dropped 7.44 points or 0.17 percent, to close at 4,424.70.

Netflix Inc. (NFLX) posted second-quarter signups that beat analysts’ estimates as the women’s prison series
“Orange Is the New Black” lifted users past 50 million. Net income more than doubled to $71 million, or $1.15 a share, from $29 million, or 49 cents, a year earlier.
Most of the 1,500 job cuts that Botox maker Allergan Inc. announced Monday morning will be made in Southern California, the company’s chief executive said. Allergan plans to eliminate 650 research and development jobs, the bulk of them at its sprawling Irvine campus, Allergan chief David E.I. Pyott said in an interview with The Times.

Natural-gas prices dropped to a nearly eight-month low as mild temperatures across the U.S. keep a lid on
demand. Natural gas for the front-month August contract is down 6 cents, or 1.6%, at $3.89 a million British
thermal units on the New York.