US stocks mixed; Dow and S&P tread water, Nasdaq hits fresh record highs
|Major US equity indices tread water near record highs during the opening hour of trade on Monday as investors await to key quarterly earnings reports due to be announced this week.
Against the backdrop of last week's mixed results from major banks, the corporate earnings would remain in focus to see if the current levels economic activity at American corporations justifies current stretched valuations in the markets.
At the time of writing, the Dow Jones Industrial Average and the broader S&P 500 Index were nearly unchanged from Friday's closing level, which tech-heavy Nasdaq Composite Index climbed over 10-points to touch a fresh record high level of 6,322.
On the economic data front, the Empire State Manufacturing Index fell to 9.8 for July from 19.8 in June and added to the recent slew of US data-disappointment but did little to provide any fresh impetus for the markets.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.