U.S. equities fluctuated on Monday as investors geared up for a slew of earnings reports later this week.
The Dow Jones Industrials eased off from the dizzy heights of record levels, losing 8.02 points Monday to 21,629.72, with Home Depot contributing the most gains and IBM the most losses.
The S&P 500 ditched 0.13 points to 2,459.14, with utilities leading advancers and health-care lagging
The NASDAQ added 1.97 points to 6,314.43, to extend its win streak to seven sessions.
Earnings season is upon us, and Goldman Sachs, Bank of America, Microsoft, Qualcomm and eBay are just a few of the companies scheduled to release quarterly results. Asset manager BlackRock posted quarterly results earlier on Monday, missing analyst estimates on both revenue and profit. Netflix is set to report Monday after the close.
Overall earnings are expected to grow by 6.2% this quarter, according to experts. Earnings in the first quarter rose by approximately 15%
Prices for the benchmark 10-year Treasury note gained ground Monday, lowering yields to 2.31% from Friday’s 2.33%. Treasury prices and yields move in opposite directions
Oil prices fell 53 cents to $46.01 U.S. a barrel
Gold prices gained $6.90 to $1,234.40 U.S. an ounce.