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:

 

 

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