US close: Stocks mixed as traders await inflation data, Q1 earnings
Wall Street stocks were little changed at the close of trading on Monday as major indices stalled ahead of key inflation data and first-quarter corporate earnings later in the week.
At the close, the Dow Jones Industrial Average was down 0.03% at 38,892.80, while the S&P 500 lost 0.04% to 5,202.39 and the Nasdaq Composite saw out the session 0.03% firmer at 16,253.96.
The Dow closed 11.24 points lower on Monday, taking a small bite out of gains recorded on Friday after a stronger-than-expected jobs report left market participants hopeful that a strong US economy may remain supportive of corporate earnings growth.
Scope Markets' Joshua Mahony said: "Today represents the calm before the storm, with a largely empty economic calendar giving way to a week that sees US inflation, three monetary policy decisions, and the commencement of the third first quarter US earnings season.
"The impressive strength of the US jobs market may be good news for those hoping to see another set of strong earnings for Q1, yet we could be in for a rude awakening when the US CPI inflation gauge is reported on Wednesday."
No major data points were released on Monday but traders were patiently waiting for the publication of March's consumer and producer price indexes, due out on Wednesday and Thursday, respectively.
Investors also continued to navigate rising bond yields and oil prices, with the yield on the benchmark 10-year Treasury note surging to 4.430% on Monday, while US crude oil briefly touched $87.00 per barrel last week amid ongoing geopolitical tensions.
In the corporate space, Tesla shares closed 4.90% higher after chief executive Elon Musk revealed the group's robotaxi would be unveiled in August.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Nike Inc. (NKE) $89.99 1.31%
Home Depot Inc. (HD) $362.05 1.17%
3M Co. (MMM) $91.93 0.99%
American Express Co. (AXP) $224.11 0.74%
Goldman Sachs Group Inc. (GS) $410.54 0.61%
JP Morgan Chase & Co. (JPM) $198.48 0.52%
International Business Machines Corporation (CDI) (IBM) $189.82 0.36%
McDonald's Corp. (MCD) $267.56 0.33%
Visa Inc. (V) $277.76 0.22%
Walgreens Boots Alliance, Inc. (WBA) $19.16 0.16%
Dow Jones - Fallers
Intel Corp. (INTC) $37.98 -1.89%
Caterpillar Inc. (CAT) $373.47 -1.54%
Merck & Co. Inc. (MRK) $126.56 -1.12%
Verizon Communications Inc. (VZ) $41.73 -0.93%
Walt Disney Co. (DIS) $117.35 -0.87%
Boeing Co. (BA) $181.56 -0.86%
Apple Inc. (AAPL) $168.45 -0.67%
Cisco Systems Inc. (CSCO) $48.24 -0.64%
Johnson & Johnson (JNJ) $151.56 -0.52%
Coca-Cola Co. (KO) $59.27 -0.40%
S&P 500 - Risers
Albemarle Corp. (ALB) $131.69 6.67%
Apartment Investment & Management Co. (AIV) $8.28 5.61%
Vornado Realty Trust (VNO) $28.82 5.41%
Macy's Inc. (M) $19.55 5.22%
Mid Amer Apt Commun (MAA) $132.69 4.42%
Nordstrom Inc. (JWN) $19.44 4.18%
Sl Green Realty Corp. (SLG) $53.87 4.14%
Revvity, Inc. (RVTY) $106.43 4.04%
Carnival Corp. (CCL) $15.66 3.57%
Equity Residential (EQR) $63.80 3.25%
S&P 500 - Fallers
CF Industries Holdings Inc. (CF) $79.79 -6.25%
Fortinet Inc. (FTNT) $68.39 -3.55%
Kroger Co. (KR) $55.37 -3.39%
Gap Inc. (GPS) $23.48 -3.18%
Lamb Weston Holdings, Inc. (LW) $77.80 -2.48%
Kohls Corp. (KSS) $24.98 -2.04%
HF Sinclair Corporation (DINO) $62.42 -2.02%
Apache Corp. (APA) $35.04 -1.96%
Medtronic Plc (MDT) $82.88 -1.95%
Dollar Tree Inc (DLTR) $128.22 -1.90%
Nasdaq 100 - Risers
Tesla Inc (TSLA) $172.98 4.90%
Qurate Retail Inc. (QRTEA) $1.05 2.94%
Charter Communications Inc. (CHTR) $273.15 2.12%
Hasbro Inc (HAS) $57.59 2.07%
Illumina Inc. (ILMN) $130.12 1.86%
Paypal Holdings Inc (PYPL) $66.34 1.83%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $452.78 1.81%
Microchip Technology Inc. (MCHP) $89.15 1.80%
Take-Two Interactive Software Inc. (TTWO) $153.65 1.73%
Alphabet Inc. Class A (GOOGL) $154.85 1.54%
Nasdaq 100 - Fallers
Baidu Inc. (BIDU) $103.05 -3.23%
Sirius XM Holdings Inc (SIRI) $3.38 -3.15%
Dollar Tree Inc (DLTR) $128.22 -1.90%
Intel Corp. (INTC) $37.98 -1.89%
Meta Platforms Inc. (META) $519.25 -1.53%
Wynn Resorts Ltd. (WYNN) $105.99 -1.37%
Skyworks Solutions Inc. (SWKS) $104.14 -1.27%
Netflix Inc. (NFLX) $628.41 -1.22%
Nvidia Corp. (NVDA) $871.33 -0.99%
Idexx Laboratories Inc. (IDXX) $514.43 -0.98%