U.S. Stocks Fall as Earnings Awaited
U.S. Stocks Fall as Earnings Awaited

U.S. Stocks Fall as Earnings Awaited

News summary

On Monday, the Dow Jones Industrial Average and the S&P 500 both declined, ending a six-week streak of gains as investors awaited pivotal earnings reports and reacted to rising Treasury yields, which reached a 12-week high of 4.17%. The Dow fell by 338.80 points to 42,932.84, while the S&P 500 decreased by 9.89 points to 5,854.78, reflecting caution among investors amid high valuations and potential Federal Reserve rate cuts. The declines were particularly pronounced in rate-sensitive sectors, with consumer and homebuilder stocks suffering losses. Meanwhile, major companies including Tesla and Coca-Cola are set to report earnings this week, with early results showing 79% of the 14% of S&P 500 companies that have reported beating expectations. Political factors, particularly the upcoming U.S. presidential election, are adding to market volatility. Despite these challenges, some stocks like Boeing and Humana saw gains due to company-specific developments.

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28 days ago
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