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Closing Bell: Etsy at Record Low; Investors Wait for Earnings

Stocks inched higher at Monday's close but with little energy as investors waited for a busy earnings week to kick into high gear. Etsy (ETSY) weighed on markets. Shares closed at their lowest price since going public in April after analysts at Monness Crespi Hardt rated the stock as a SELL. The firm said downside risks have increased as Amazon (AMZN) ramps up its homemade offerings and as post-IPO lockups of its shares expire. Crude oil pulled back from an 11-week high as commodity traders looked to cash in on last week's rally. Oil futures suffered their largest single-day drop since the beginning of September after OPEC data showed September output rose 109,000 barrels a day. Electronic Arts (EA) climbed on growing buzz over its new video game 'Star Wars: Battlefront.'

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