Wall Street finishes choppy session on flat note
|Major equity indexes in the U.S. looked indecisive on Monday and moved in tight ranges after starting the day virtually flat as investors wait for the second quarter earning reports from big companies. Netflix will be the first company to reveal its results after the session close on Monday, which will be followed by Microsoft, IBM, and Johnson and Johnson later this week.
"Analysts' are estimating an 8.2 percent rise in second-quarter earnings for the S&P 500 companies from a year earlier, this follows a robust first quarter when U.S. companies posted their best earnings since 2011" according to Reuters.
The Dow Jones Industrial Average lost 8 points, or 0.04%, to close the day at 21,629.72. The S&P 500 added 1.5 points, or 0.06%, to 2,457.50. Finally, after reaching its intraday record high at 6,330.97, the tech-heavy Nasdaq Composite finished the day at 6,314.43, up 2 points, or 0.03%.
Headlines from the U.S. session:
- US Treasuries: Yields little changed amid thin trading volumes
- UK: Key data ahead - Wells Fargo
- BoJ: what to expect this time around? - UOB
- US tax efforts still moving forward - BBH
- US Dollar recaptures 95 on a technical recover
- WTI in the middle of the range near $46.60
- London's McGuiness: Britain must negotiate staggered departure from EU in next few months
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.