FOX Business: Capitalism Lives Here
U.S. equity markets slipped on Monday as traders prepared for a week full of economic and corporate events.
As of 11:37 a.m. ET, the Dow Jones Industrial Average fell 24.5 points, or 0.16%, to 15769, the S&P 500 dipped 2.4 points, or 0.13%, to 1795 and the Nasdaq Composite rose 6.3 points, or 0.15%, to 4132.
The broad S&P 500 snapped a three-week losing streak last week. The gains were driven by hopes the Federal Reserve might not pull back on its massive stimulus program quite as quick as economists expected. The hopes were bolstered after a much weaker-than-expected January jobs report.
Freshly-minted Fed chief Janet Yellen is set to speak before Congress later this week, in events that are expected to garner Wall Street's attention. Traders will also get the latest data on U.S. retail sales for the month of January.
On the corporate front, McDonald's (MCD) global comparable-store sales rose 1.2% despite a drop in U.S. sales.
In commodities, U.S. crude oil futures rose 4 cents, or 0.04%, to $99.92 a barrel. Wholesale New York Harbor gasoline dipped 0.18%, to $2.744 a gallon. Gold rose $11.70, or 0.93%, to $1,274 a troy once.