US open: Stocks mixed as final week of July trading gets under way

Wall Street trading got off to a mixed start on Monday as July gets set to draw to a close with another five days another jam-packed full of corporate earnings.

As of 1520 BST, the Dow Jones Industrial Average was up 0.39% at 32,022.39, while the S&P 500 was 0.14% firmer at 3,967.15 and the Nasdaq Composite came out the gate 0.22% weaker at 11,807.71.

The Dow opened 123.10 points higher on Monday, taking a bite out of losses recorded in the previous session.

This week's primary focus will remain on earnings, with second-quarter updates due from the likes of Amazon, Apple, and Microsoft throughout the course of the week, while Alphabet, Timberland, and Whirlpool will all report after the close on Monday.

Traders will also be holding out for an update from the Federal Reserve on Wednesday following its two-day policy meeting, with economists widely expecting the central bank to announce a three-quarter point interest rate hike. GDP data will also follow a day later.

In terms of Monday's macro headlines, the Chicago Federal Reserve's national activity index printed at -0.19 in June, flat month-on-month after May's print was downwardly revised and remaining at low levels not seen since February 2021. Meanwhile, the three-month moving average, which aims to provide a more consistent picture of national economic growth, decreased to -0.04 from +0.09 for the first negative reading in two years.

Still to come, the Dallas Fed's July manufacturing index will be published at 1530 BST.

Reporting by Iain Gilbert at Sharecast.com