U.S. stocks waffled between small gains and losses Monday as shares of energy companies fell alongside a decline oil prices and as investors looked ahead to a busy week of corporate earnings results. The Dow Jones Industrial Average rose 45 points, or about 0.2%, to 25064. The S&P 500 fell less than 0.1% and the Nasdaq Composite dropped 0.2%. Investors appear so far to have largely shrugged off trade concerns, and U.S. stocks have been supported by strong U.S. economic data and positive earnings expectations. In the S&P 500, 60 companies are on tap to report this week, including Netflix after the closing bell. Before the market opened Monday, Bank of America-the second-largest U.S. bank by assets-reported second-quarter earnings that beat expectations, sending shares up 3.8%. The results helped buoy financial stocks, which were the best performers in the broad S&P 500 on Monday, up 1.6%. Energy stocks, meanwhile, were by far the weakest of the S&P 500's 11 sectors, falling 1.4%, on lower oil prices. The US gold price lost 0.1% to finish at 1240 US$/oz.
Argonaut | The Natural Choice in Resources.
© 2024 Argonaut.