Financials drag on Wall Street as bank results underwhelm© firstpost.com

Financials drag on Wall Street as bank results underwhelm

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NEW YORK (Reuters) - Wall Street edged lower on Monday, weighed down by financials as lackluster bank earnings put a damper on investor enthusiasm.

But while all three major U.S. stock indexes were down, the S&P 500 remained within a percent of its all-time high.

Following a first-quarter rally that marked the best quarterly performance for U.S. stocks in nearly a decade, stocks have been in a holding pattern in April ahead of first quarter reporting season.