Stocks Showing A Lack Of Direction In Morning Trading - U.S. Commentary

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(RTTNews.com) - Following the upward move seen last Friday, stocks are showing a lack of direction in morning trading on Monday. Currently, the major averages are turning in a mixed performance.

While the Dow is down 59.34 points or 0.2 percent at 25,403.24, the Nasdaq is up 10.61 points or 0.1 percent at 7,822.63 and the S&P 500 is up 1.31 points or 0.1 percent at 2,841.66.

The choppy trading on Wall Street comes as traders seem reluctant to make any significant moves amid a lack of major U.S. economic news following the slew of data and events last week.

The economic calendar remains relatively light throughout the week, although traders are likely to keep an eye on reports on producer and consumer price inflation.

On the earnings front, Disney (DIS), Tenet Healthcare (THC), Office Depot (ODP), CVS Health ( CVS ), and 21st Century Fox (FOXA) are among the companies due to report their quarterly results this week.

Most of the major sectors are showing only modest moves on the day, contributing to the lackluster performance by the broader markets.

In overseas trading, stock markets across the Asia-Pacific region tuned in a mixed performance during trading on Monday. Japan's Nikkei 225 Index edged down by 0.1 percent, while Hong Kong's Hang Seng Index rose by 0.5 percent.

Meanwhile, the major European markets have all moved to the downside on the day. While the U.K.'s FTSE 100 Index has dipped by 0.2 percent, the German DAX Index and the French CAC 40 Index are both down by 0.2 percent.

In the bond market, treasuries are seeing further upside following the strength seen in the previous session. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, is down by 2.8 basis points at 2.925 percent.

Read the original article on RTTNews (http://www.rttnews.com/2923468/stocks-showing-a-lack-of-direction-in-morning-trading-u-s-commentary.aspx)

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This article appears in: Stocks , World Markets , Politics
Referenced Symbols: CVS ,

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