Stocks Dip But Bank Of America, Hasbro Rise; Netflix Soars After Hours

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Stocks closed Monday with modest losses as earnings season kicked into full gear, with Bank of America (BAC) and Hasbro (HAS) among notable companies reporting.

After the regular session close, Netflix (NFLX) topped quarterly views on both the top and bottom line, as well as its U.S. and international subscriber forecasts. Shares leapt 19% in extended trading.

The Nasdaq, S&P 500 and Dow Jones industrial average each finished with a 0.3% loss. Volume was lighter across the board vs. Friday, according to preliminary data. Losers beat winners by about a 3-2 margin on both the NYSE and the Nasdaq.

Department store, oil and generic drugmakers led the downside in the stock market today, as West Texas intermediate crude prices slid nearly 1% to $50.30 a barrel. Toy makers, gold miners and steel stocks were among top gainers.

Hasbro (HAS) gapped up and soared more than 7%, surging past its 50-day and 200-day moving average lines in heavy trade. The stock is crafting a flat base with a potential buy point at 88.63.

The maker of board games, as well as toys based on Walt Disney's (DIS) "Star Wars" and "Frozen" blockbuster hits, reported Q3 earnings that trounced views, thanks to strength in the girls category.

Bank of America was fractionally higher, despite reporting better-than-expected Q3 earnings and revenue. It became the latest big bank to post solid results, following Friday's reports from Citigroup (C), JPMorgan Chase (JPM) and Wells Fargo (WFC).

Domino's Pizza (DPZ), up as much as 1.5% early, pared its gain to 0.6% by the close. Volume was about twice the usual pace. The stock is 2% off its high and holding above its 50-day line ahead of its Q3 earnings report before Tuesday's open. Analysts expect a 34% jump to 90 cents a share on 12% higher sales to $541.47 million.

In economic news, the New York Fed's Empire Manufacturing index contracted for a third straight month in October, at -6.8, well below economists' projections for 1.0. Manufacturing production climbed 0.2% in September.

Economic data on tap for Tuesday include the September Consumer Price Index and the National Association of Home Builders' housing market index for October.

Earnings due out Tuesday include Goldman Sachs (GS), Intel (INTC) and Yahoo (YHOO).

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