US open: Dow Jones trades slightly higher ahead of Q3 bank earnings
Wall Street stocks opened mostly lower at the bell on Monday as market participants prepped for a busy week full of Q3 bank earnings.
As of 1510 BST, the Dow Jones Industrial Average was up 0.03% at 29,306.24, while the S&P 500 was 0.40% weaker at 3,625.23 and the Nasdaq Composite came out the gate 0.81% softer at 10,566.08.
The Dow opened 9.45 points lower on Monday, doing little to reclaim heavy losses recorded at the tail end of last week as September's non-farm payrolls left investors thinking that the Federal Reserve will likely hike short-term interest rates by another 75 basis points at its next meeting.
Monday marks the beginning of what will likely be a rollercoaster week for major indices, with four of the world's largest banks reporting earnings throughout the week and a fresh monthly consumer price index reading coming on Thursday. Strong earnings are likely to be the only thing that could relieve equity investors' central bank-fuelled pains.
While no major data points were due out on Monday, investors will await speeches from the Federal Reserve's Charles Evans and Lael Brainard throughout the course of the day.
No major corporate earnings were slated for release on Monday.
Bond markets will be closed in observance of Columbus Day.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Walgreens Boots Alliance, Inc. (WBA) $31.86 4.39%
Merck & Co. Inc. (MRK) $91.35 4.28%
Boeing Co. (BA) $135.25 4.21%
Caterpillar Inc. (CAT) $180.77 1.81%
Dow Chemical Co. (DOW) $45.21 1.80%
Amgen Inc. (AMGN) $231.91 1.26%
Travelers Company Inc. (TRV) $158.62 1.11%
Goldman Sachs Group Inc. (GS) $304.13 1.01%
JP Morgan Chase & Co. (JPM) $106.97 0.93%
3M Co. (MMM) $108.38 0.80%
Dow Jones - Fallers
Microsoft Corp. (MSFT) $230.76 -1.49%
Salesforce.Com Inc. (CRM) $148.32 -1.31%
Walt Disney Co. (DIS) $96.54 -0.64%
Apple Inc. (AAPL) $139.23 -0.61%
Home Depot Inc. (HD) $282.84 -0.52%
Nike Inc. (NKE) $86.71 -0.52%
Unitedhealth Group Inc. (UNH) $502.45 -0.48%
Procter & Gamble Co. (PG) $124.06 -0.17%
Dowdupont Inc. (DWDP) $0.00 0.00%
Honeywell International Inc. (HON) $0.00 0.00%
S&P 500 - Risers
Walgreens Boots Alliance, Inc. (WBA) $31.86 4.39%
Merck & Co. Inc. (MRK) $91.35 4.28%
Kraft Heinz Co. (KHC) $34.44 4.27%
Boeing Co. (BA) $135.25 4.21%
Freeport-McMoRan Inc (FCX) $29.98 3.56%
Netflix Inc. (NFLX) $231.53 3.02%
L3Harris Technologies Inc. (LHX) $230.90 2.94%
Lockheed Martin Corp. (LMT) $415.65 2.89%
Twitter Inc (TWTR) $50.59 2.87%
Nucor Corp. (NUE) $118.08 2.67%
S&P 500 - Fallers
Ford Motor Co. (F) $11.39 -6.64%
Wynn Resorts Ltd. (WYNN) $68.34 -6.50%
Lam Research Corp. (LRCX) $351.50 -6.23%
Paypal Holdings Inc (PYPL) $85.90 -4.74%
Applied Materials Inc. (AMAT) $79.48 -3.78%
PPG Industries Inc. (PPG) $110.22 -3.63%
KLA-Tencor Corp. (KLAC) $303.01 -3.55%
Nvidia Corp. (NVDA) $116.96 -3.15%
Advanced Micro Devices Inc. (AMD) $56.64 -3.08%
QUALCOMM Inc. (QCOM) $117.48 -2.84%
Nasdaq 100 - Risers
Qurate Retail Inc. (QRTEA) $2.09 4.77%
Walgreens Boots Alliance, Inc. (WBA) $31.86 4.39%
Kraft Heinz Co. (KHC) $34.44 4.27%
Netflix Inc. (NFLX) $231.53 3.02%
Charter Communications Inc. (CHTR) $317.86 1.71%
CSX Corp. (CSX) $27.22 1.66%
Sirius XM Holdings Inc (SIRI) $5.95 1.45%
Tesla Inc (TSLA) $226.07 1.34%
Amgen Inc. (AMGN) $231.91 1.26%
Marriott International - Class A (MAR) $143.22 1.22%
Nasdaq 100 - Fallers
Wynn Resorts Ltd. (WYNN) $68.34 -6.50%
Lam Research Corp. (LRCX) $351.50 -6.23%
Trip.com Group Limited (TCOM) $26.85 -5.22%
Paypal Holdings Inc (PYPL) $85.90 -4.74%
Applied Materials Inc. (AMAT) $79.48 -3.78%
JD.com, Inc. (JD) $48.11 -3.61%
KLA-Tencor Corp. (KLAC) $303.01 -3.55%
Nvidia Corp. (NVDA) $116.96 -3.15%
QUALCOMM Inc. (QCOM) $117.48 -2.84%
Baidu Inc. (BIDU) $117.43 -2.50%