US stocks slip slightly at start of earnings heavy week
U.S. stocks slipped slightly Monday, consolidating near record levels with the focus squarely on a string of key earnings from the technology sector, News.Az reports citing Investing.
At 09:35 ET (13:35 GMT), the Dow Jones Industrial Average fell 15 points, or 0.1%, the S&P 500 index dropped 6 points, or 0.1%, and the NASDAQ Composite slipped 45 points, or 0.2%.
Positive bank and tech earnings over the past week saw a number of the main Wall Street indexes hit record highs, with the broad-based S&P 500 and 30-stock Dow Jones Industrial Average registering all-time highs on Friday, cementing a sixth straight weekly advance, the year’s best for both benchmarks.
But momentum now appeared to be somewhat stalling, as anticipation of an upcoming Federal Reserve meeting and a hotly contested U.S. presidential election kept investors wary. Stretched valuations among U.S. stocks also raised the possibility of near-term losses.
At 09:35 ET (13:35 GMT), the Dow Jones Industrial Average fell 15 points, or 0.1%, the S&P 500 index dropped 6 points, or 0.1%, and the NASDAQ Composite slipped 45 points, or 0.2%.
Positive bank and tech earnings over the past week saw a number of the main Wall Street indexes hit record highs, with the broad-based S&P 500 and 30-stock Dow Jones Industrial Average registering all-time highs on Friday, cementing a sixth straight weekly advance, the year’s best for both benchmarks.
But momentum now appeared to be somewhat stalling, as anticipation of an upcoming Federal Reserve meeting and a hotly contested U.S. presidential election kept investors wary. Stretched valuations among U.S. stocks also raised the possibility of near-term losses.
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