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
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
