NEW YORK, Feb. 4 (Xinhua) -- U.S. stocks opened slightly lower on Monday as investors were awaiting the release of more corporate earnings.
Shortly after the opening bell, the Dow Jones Industrial Average slid 2.75 points, or 0.01 percent, to 25,061.14. The S&P 500 declined 0.81 points, or 0.03 percent, to 2,705.72. The Nasdaq Composite Index decreased 17.87 points, or 0.25 percent, to 7,263.87.
U.S. consumer goods maker Clorox delivered corporate results before the market opening on Monday. The company said that earnings for the three months ending in December, its fiscal second quarter, registered 1.40 U.S. dollars per share, up 13.8 percent from the same period last year, beating the consensus forecast of 1.30 dollars per share. Shares of Clorox jumped about 5 percent in morning trading.
Google-parent Alphabet is set to report earnings after the close Monday. Other major companies including Disney and General Motors are scheduled to release their results later this week.
So far, more than 47 percent of S&P 500 companies have reported quarterly results. Of those companies, 68.5 percent have topped analyst expectations, according to CNBC while citing FactSet.
U.S. stocks extended gains in the week ending Feb.1, as Wall Street cheered a slew of better-than-anticipated quarterly earnings from major U.S. companies and the robust jobs data.
For the past week, the Dow Jones Industrial Average rose 1.3 percent, the S&P 500 Index climbed 1.6 percent, and the Nasdaq Composite Index gained 1.4 percent. Enditem
Go to Forum >>0 Comment(s)