U.S. Stocks Open Slightly Lower As Investors Brace For Central Bank Meetings
U.S. stocks on Monday opened slightly lower, pausing after logging Friday their fourth straight weekly gain. Investors were cautious ahead of a busy week that will see earnings kick into high gear and more than a dozen central banks, including the Federal Reserve, hold policy meetings. Among individual stocks, Verizon Communications Inc. fell after confirming it has agreed to buy Yahoo Inc. for $4.83 billion. And Sprint Corp. climbed after the telecommunications company reported fiscal first-quarter revenue that beat expectations. The Dow Jones Industrial Average lost 26 points, or 0.1%, to 18,543, the S&P 500 index fell 2 points, or 0.1% at 2,172, while the Nasdaq Composite Index lost 3 points, or 0.1%, to 5,097.
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