US stocks are being pushed down Monday following a week which saw mixed results for the broad benchmarks. The Dow Jones Industrial Average advanced 1.6% last week while the S&P500 added 0.6% as investors celebrated mostly positive Q2 earnings results. The tech-heavy NASDAQ was the lone laggard last week, as disappointing results from Facebook Inc.
Investors have a lot to keep their eyes on as the week kicks off with ongoing geopolitical worries and a flurry of earnings reports scheduled. U.S. stocks are relatively flat in early trading this morning. Both the Dow and S&P500 will be trying to improve upon two negative sessions in a row while the Nasdaq looks to avoid a fourth straight decline.
U.S. stocks have opened the trading week on a flat note as we head into Q2 earnings season and a busy week of geopolitical news that will draw the attention of investors. The markets were on an upswing last week and the S&P500 is on track to hitting its peak from early February and the Nasdaq could hit its third record in as many sessions.
Encouraging economic news is overshadowing persisting trade war fears and triggering gains in U.S. stocks today. In early trading, the Dow is leading the major U.S. benchmarks up over 300 points (+1.25%) followed closely by the S&P500 which is up +0.75%.
The holiday shortened week is off to a negative start with U.S. stocks trading in the red. The U.S. markets will be closed on Wednesday in recognition of the Fourth of July holiday which will more than likely produce a low volume week. In early trading, both the Dow and S&P500 are down modestly while the Nasdaq is trading nearly unchanged.