Stocks were lower Monday, erasing earlier gains, with investors looking to a busy week for corporate earnings.
Ten members of the Dow – or one-third of the blue-chip barometer – will report their July-September results this week. We’ll also hear from 154 companies in the S&P 500, or about 30 percent of the benchmark index.
In company news, Hasbro’s third-quarter earnings and revenue missed expectations. Shares of the toymaker fell.
In Asian markets Monday, blue chips in Shanghai jumped 4.1 percent in the largest daily gain in three years, adding to Friday's bounce on Beijing's pledge of support for the economy and companies.
Stateside, stocks finished mixed Friday as investors digested the latest earnings reports, including the latest quarterly results from Procter & Gamble and Honeywell, while digesting the latest economic data.
The Dow Jones Industrial Average rose 64.89 points, or 0.26 percent, to 25,444.34. The S&P 500 ticked a point lower to 2,767.78. The Nasdaq Composite dropped 36.11 points, or 0.48 percent, to 7,449.03.
FOX Business’ Leia Klingel contributed to this article.
FOX Business’ Ken Martin contributed to this article.
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