Stocks fall on Asia’s gloomy economic outlook

U.S. stocks fell on Monday after the World Bank said Asia’s economies won’t grow as much as expected this year.

In addition, U.S. companies are expected to report a profit decline when the earnings season starts on Tuesday. FactSet says companies in the Standard & Poor’s 500 index are expected to post an overall profit decline for the first time in 11 quarters.

— Christian Science Monitor