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Stock market under pressure as second-quarter earnings season gets under way


Monday, 15 July 2019 23:34 WIB

Standard & Poor's 500Saham AS


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U.S. stocks edged lower Monday, after record finishes last week, as investors digest second-quarter earnings from Citigroup -- marking the unofficial start of earnings season on Wall Street.

The Dow Jones Industrial Average fell 33 points, or 0.1%, to 27,303, the S&P 500 index ticked 4 points lower to 3,010, a decline of 0.1%. The Nasdaq Composite Index fell 2 points to reach 8,242. All three major indexes scored intraday records in early activity before turning lower.

On Friday, the Dow gained 244.02 points, or 0.90%, at 27,332.10, while the S&P 500 index added 13.83 points, or 0.5%, at 3,013.75. The Nasdaq Composite Index closed 48.10 points higher at 8,244.14, a gain of 0.6%.

Source: Marketwatch


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