Stocks Seesaw, Close Down

Stocks wobbled today, eventually posting modest losses as investors still processing GE’s poor results absorbed Wachovia's unexpected losses and steeled themselves for more disappointment from first-quarter earnings reports. The Dow ended the day down 23.36 at 12,302.06, the Nasdaq dropped 14.42 to 2,275.82, and the S&P 500 fell 4.51 to 1,328.32.

"Investors are very much in wait-and-see mode—Intel, JP Morgan, Merrill and IBM all report this week, and people are waiting to see those big names," one analyst told MarketWatch. (More NASDAQ stories.)