US stocks dip 11 points

US stocks posted a modest decline today as a weakening US dollar and a mixed batch of first-quarter earnings reports prompted unsettled investors to cash in on last week’s gains.

Disappointment over declining profit at copier maker Xerox and a reduced 2007 forecast from online brokerage TD Ameritrade Holding overshadowed upbeat results from Dow Jones industrial Caterpillar. The market was also assessing a possible sale of Cendant’s travel business.