U.S. stocks open mixed ahead of earnings reports

2017-07-17 14:30:44 GMT2017-07-17 22:30:44(Beijing Time) Xinhua English

NEW YORK, July 17 (Xinhua) -- U.S. stocks opened mixed on Monday as investors were awaiting a batch of earnings reports later this week.

Shortly after the opening bell, the Dow Jones Industrial Average was down 7.86 points, or 0.04 percent, to 21,629.88. The S&P 500 lost 0.68 points, or 0.03 percent, to 2,458.59. The Nasdaq Composite Index added 4.02 points, or 0.06 percent, to 6,316.49.

Goldman Sachs, the Bank of America, Microsoft, and eBay are among the major companies scheduled to release quarterly results later this week.

According to S&P Capital IQ, overall earnings are expected to grow by 6.2 percent this quarter. Earnings in the first quarter rose by approximately 15 percent.

With no major data due out on Monday, market participants also kept an eye on the oil prices. U.S. crude rose 5.2 percent last week and started the week hovering around 46.40 U.S. dollars a barrel.

Last week, all three major indices posted sharp gains, with the Dow, the S&P 500 and the Nasdaq going up 1.04 percent, 1.41 percent and 2.59 percent, respectively.

Financial reform plans unveiled to serve real economy in sustainable manner

"2017 crossing of Qiantang River" activity held in China's Hangzhou

Pedestrian bridge across Liuyang River under construction in C China

Annual Port of Los Angeles Lobster Festival celebrated in California

In pics: China's CH-5 drone completes trial flight

In pics: ethnic embroidery show in SW China's Yunnan

Chinese aircraft carrier formation conducts coordination training

Monkeys enjoy cool mist, watermelon at Quanzhou Wildlife Zoo in Fujian

| PRINT | RSS