U.S. stocks retreat from records ahead of packed week for corporate earnings
Monday, 29 January 2018 21:49 WIB |
MARKET UPDATE | Standard & Poor's 500Saham AS
U.S. stock indexes opened slightly lower on Monday, pulling back from records ahead of a raft of corporate earnings this week.
The Dow Jones Industrial Average DJIA, -0.04% declined 38 points, or 0.1%, to 26,572. The S&P 500 fell 7 points, or 0.23%, to 2,866. The Nasdaq Composite Index was down 20 points, or 0.3%, to 7,485. All three major indexes closed at records on Friday, with each gauge posting their fourth straight weekly gain.
The next few days will prove particularly busy as investors will look ahead to President Donald Trump's State of the Union address and the Federal Reserve's two-day meeting. Also, a quarter of the S&P 500 companies are set to report their earnings this week.