NEW YORK - Wall Street moved lower in an erratic session Tuesday as investors weighed the impact of lower oil prices, and remained wary about corporate earnings after Sprint Nextel Corp. issued a profit warning.
Investors lost some of their recent ebullience going into the earnings season, worried that 18-straight quarters of double-digit growth in Standard & Poor's 500 members might be coming to an end.
With Alcoa Inc. due to report after the closing bell, Wall Street was skittish after Sprint Nextel warned 2007 results will miss analyst projections. Some half-dozen other companies on Monday warned that fourth-quarter results will come up short.
Investors …
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