Monday saw a modest decline in U.S. stocks as investors awaited the release of key corporate earnings reports, following a solid week for the major averages.
Each of the Nasdaq Composite and S&P 500 had a 0.1% decline. An additional 55 points, or 0.1%, were lost by the Dow Jones Industrial Average.
These actions follow Friday’s record highs for the S&P 500 and the 30-stock Dow, which solidified their sixth consecutive weekly gains. During the week, the Dow closed up 0.96%, while the S&P 500 ended up 0.85% higher. By 0.8%, the Nasdaq Composite increased.
If corporations are able to surpass expectations during this earnings season, which is expected to intensify this week, equities may be able to maintain those gains.
Source (CNBC)
