The upward momentum for the markets partly reflects a positive reaction to the latest batch of earnings news from big-name companies.
On the other hand, fast food giant McDonald's (MCD) may come under pressure after reporting second quarter earnings that fell short of estimates.
The futures saw further upside following the release of a report from the
Excluding food and energy prices, core consumer prices inched up by 0.1% in June after rising by 0.3% in the previous month. Economists had expected core prices to edge up by 0.2%.
Core prices increased at an annual rate of 1.9% in June, reflecting a slowdown from the 2.0% growth reported in May.
Meanwhile, traders also continue to keep an eye on any developments regarding the conflicts in
After coming under pressure in early trading on Monday, stocks regained some ground over the course of the trading session but still closed modestly lower. The pullback on the day partly offset the strength that was seen last week.
The major averages ended the day modestly below the unchanged line. The Dow dipped 48.45 points or 0.3% to 17,051.73, the Nasdaq edged down 7.44 points or 0.2% at 4,424.70 and the S&P 500 slipped 4.59 points or 0.2% to 1,973.63.
Most Popular Stories
- Bently Creates Alabama Small Business Commission
- Bolivar Appointed to NSHMBA National Board
- When to Say No to Investors, Yes to Mentors
- SBA Kicks off Hispanic Heritage Month
- Rosneft Growth Slowed by Western Sanctions
- Duke Energy, Strata Partner on Big Solar Project
- Ukraine Offers Temporary Autonomy to Rebel-held Areas
- Thousands Risk Losing Health Care Aid
- Lindsay Lohan Claims She Handled Whitney Houston's Body Bag
- Cat Stevens Touring U.S., First Since 1970s