Stocks were lower Monday, erasing earlier gains, with volatility picking up as investors looked to a busy week for corporate earnings.
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Ten members of the Dow – or one-third of the blue-chip barometer – will report their July to September results this week. We’ll also hear from 154 companies in the S&P 500, or about 30 percent of the benchmark index.
The Dow Jones Industrial Average dropped 126.93 points, or 0.5 percent, to 25,317.41. The S&P 500 fell 11.9 points to 2,755.88. The Nasdaq Composite got a boost from strength in tech stocks, rising 19.6 points, or 0.26 percent, to 7,468.63.
In company news, Hasbro’s third-quarter earnings and revenue missed expectations. Shares of the toymaker fell.
|I:DJI||DOW JONES AVERAGES||24706.35||+336.25||+1.38%|
|I:COMP||NASDAQ COMPOSITE INDEX||7157.2276||+72.76||+1.03%|
In Asian markets Monday, blue chips in Shanghai jumped 4.1 percent in the largest daily gain in three years, adding to Friday's bounce on Beijing's pledge of support for the economy and companies.
Stateside, stocks finished mixed Friday as investors digested the latest earnings reports, including the latest quarterly results from Procter & Gamble and Honeywell, while digesting the latest economic data.
The Dow Jones Industrial Average rose 64.89 points, or 0.26 percent, to 25,444.34. The S&P 500 ticked a point lower to 2,767.78. The Nasdaq Composite dropped 36.11 points, or 0.48 percent, to 7,449.03.
FOX Business’ Ken Martin contributed to this article.