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US open: Stocks mostly lower as traders look ahead to tech earnings

Wall Street stocks were mostly lower early on Monday as traders braced for another earnings-heavy week.

As of 1545 BST, the Dow Jones Industrial Average was up 0.01% at 33,812.01, while the S&P 500 lost 0.14% to 4,127.68 and the Nasdaq Composite came out the gate 0.54% weaker at 12,007.87.

The Dow opened just 3.05 points higher on Monday, doing little to build on modest gains recorded in the previous session.

Earnings were in focus yet again on Monday, famous fizzy drinks maker Coca-Cola beat first-quarter profit and revenue forecasts driven by high demand and price rises, while Credit Suisse posted a $68.0bn drop in assets for the last quarter.

Whirlpool will post its most recent quarterly figures after the close, while market participants were also looking ahead to big-name tech earnings later in the week, with Alphabet, Microsoft, Amazon and Meta all set to announce their first-quarter numbers before the end of the week.

On the macro front, the Chicago Federal Reserve‘s national activity index fell to -31.3 in April, down from -23.2 in March for its lowest reading since May 2020 and an eighth consecutive negative reading.

On a similar note, the Dallas Fed‘s manufacturing index declined to -23.4 in April, down from -15.7 in March – its lowest reading in nine months and below expectations for a reading of -14.6.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones – Risers

Caterpillar Inc. (CAT) $222.75 1.13%
Chevron Corp. (CVX) $170.84 1.02%
Goldman Sachs Group Inc. (GS) $344.90 0.95%
3M Co. (MMM) $105.20 0.69%
Unitedhealth Group Inc. (UNH) $486.57 0.57%
Walt Disney Co. (DIS) $100.03 0.46%
Dow Chemical Co. (DOW) $55.10 0.43%
Cisco Systems Inc. (CSCO) $47.22 0.40%
Merck & Co. Inc. (MRK) $115.77 0.35%
JP Morgan Chase & Co. (JPM) $141.01 0.33%

Dow Jones – Fallers

Salesforce.Com Inc. (CRM) $197.24 -0.90%
Microsoft Corp. (MSFT) $283.87 -0.66%
International Business Machines Corporation (CDI) (IBM) $124.97 -0.60%
American Express Co. (AXP) $162.89 -0.54%
Boeing Co. (BA) $204.41 -0.36%
Intel Corp. (INTC) $30.25 -0.15%
Visa Inc. (V) $233.98 -0.03%
Nike Inc. (NKE) $125.51 -0.02%
Dowdupont Inc. (DWDP) $0.00 0.00%
Walgreens Boots Alliance, Inc. (WBA) $35.30 0.09%

S&P 500 – Risers

Albemarle Corp. (ALB) $182.30 4.92%
FMC Technologies Inc. (FTI) $13.65 4.84%
CenturyLink Inc. (LUMN) $2.34 4.71%
Medtronic Plc (MDT) $88.85 3.64%
Halliburton Co. (HAL) $34.54 3.42%
National Oilwell Varco Inc. (NOV) $18.83 3.04%
Helmerich & Payne Inc. (HP) $36.94 2.64%
Elevance Health Inc. (ELV) $462.08 2.52%
eBay Inc. (EBAY) $44.13 2.35%
HF Sinclair Corporation (DINO) $45.37 2.35%

S&P 500 – Fallers

Kohls Corp. (KSS) $22.52 -2.76%
AT&T Inc. (T) $17.85 -2.05%
Keycorp (KEY) $11.38 -1.81%
Darden Restaurants Inc. (DRI) $149.54 -1.52%
Royal Caribbean Cr (RCL) $62.16 -1.36%
CBRE Group Inc (CBRE) $70.89 -1.35%
Carnival Corp. (CCL) $9.26 -1.33%
Apartment Investment & Management Co. (AIV) $7.82 -1.32%
Advance Auto Parts (AAP) $126.51 -1.32%
Bath & Body Works, Inc. (BBWI) $35.17 -1.29%

Nasdaq 100 – Risers

eBay Inc. (EBAY) $44.13 2.35%
PACCAR Inc. (PCAR) $74.38 1.68%
Qurate Retail Inc. (QRTEA) $0.73 1.64%
Dish Network Corp. (DISH) $7.68 1.39%
Hologic Inc. (HOLX) $85.18 1.33%
Netflix Inc. (NFLX) $332.00 1.23%
NetEase Inc. Ads (NTES) $91.15 1.05%
DENTSPLY Sirona Inc. (XRAY) $41.49 0.99%
Fiserv Inc. (FISV) $118.09 0.97%
Alphabet Inc. Class C (GOOG) $106.90 0.93%

Nasdaq 100 – Fallers

JD.com, Inc. (JD) $34.57 -2.98%
Trip.com Group Limited (TCOM) $35.55 -2.79%
Tesla Inc (TSLA) $161.97 -1.88%
Baidu Inc. (BIDU) $123.26 -1.36%
Biomarin Pharmaceutical Inc. (BMRN) $96.25 -1.29%
Check Point Software Technologies Ltd. (CHKP) $130.73 -0.83%
Mercadolibre Inc. (MELI) $1,273.22 -0.68%
Microsoft Corp. (MSFT) $283.87 -0.66%
Western Digital Corp. (WDC) $33.22 -0.64%
Gen Digital Inc. (GEN) $17.54 -0.62%




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