US open: Stocks slightly higher following S&P 500's best week of 2022
Wall Street stocks registered some early gains on Monday as traders awaited more earnings reports scheduled for later in the week.
As of 1530 GMT, the Dow Jones Industrial Average was down 0.14% at 35,138.89, while the S&P 500 was 0.24% firmer at 4,511.50 and the Nasdaq Composite came out the gate 0.56% stronger at 14,177.08.
The Dow opened 49.15 points higher on Monday, while the S&P 500 was also trading higher following its best week so far this year.
While Monday will likely be relatively quiet in terms of market-moving headlines, investors will be looking ahead to the Labor Department's January consumer price index data set to be published on Thursday. Economists expect the report to reveal that inflation rose at a 7.2% clip year-on-year, which, if accurate, would mark the fastest gain in 40 years.
The yield on the benchmark 10-year Treasury note was broadly flat at the open on Monday after shooting higher following last week's unexpectedly strong nonfarm payrolls report and was most recently yielding around 1.922%.
In the corporate space, Loews revealed that revenues had declined in its last quarter, while Hasbro posted strong quarterly growth in revenues, operating profits and earnings.
Still to come, Take-Two Interactive will report its latest set of quarterly earnings after the close.
On the macro front, December consumer credit change figures will be published at 2000 GMT.
Dow Jones - Risers
Boeing Co. (BA) $209.15 1.31%
Chevron Corp. (CVX) $137.22 0.99%
Apple Inc. (AAPL) $173.09 0.41%
Intel Corp. (INTC) $48.13 0.26%
Caterpillar Inc. (CAT) $198.84 0.22%
3M Co. (MMM) $160.86 0.08%
Coca-Cola Co. (KO) $61.01 0.07%
Walt Disney Co. (DIS) $142.10 0.05%
Salesforce.Com Inc. (CRM) $219.32 0.04%
Unitedhealth Group Inc. (UNH) $483.31 0.03%
Dow Jones - Fallers
Verizon Communications Inc. (VZ) $52.67 -1.20%
JP Morgan Chase & Co. (JPM) $150.92 -1.07%
Walmart Inc. (WMT) $138.13 -0.86%
Dow Chemical Co. (DOW) $60.12 -0.79%
Procter & Gamble Co. (PG) $160.34 -0.74%
Johnson & Johnson (JNJ) $170.50 -0.66%
Travelers Company Inc. (TRV) $171.03 -0.51%
Merck & Co. Inc. (MRK) $78.23 -0.42%
Walgreens Boots Alliance, Inc. (WBA) $48.40 -0.42%
Amgen Inc. (AMGN) $221.24 -0.39%
S&P 500 - Risers
Tyson Foods Inc. (TSN) $98.41 11.46%
Norwegian Cruise Line Holdings Ltd (NCLH) $21.35 5.44%
Royal Caribbean Cr (RCL) $79.47 5.15%
Carnival Corp. (CCL) $20.83 4.36%
T. Rowe Price Group Inc. (TROW) $153.56 3.27%
American Airlines Group (AAL) $16.97 3.13%
Dxc Technology Company (DXC) $37.14 3.08%
Align Technology Inc. (ALGN) $504.33 2.95%
Amazon.Com Inc. (AMZN) $3,229.49 2.43%
Albemarle Corp. (ALB) $220.46 2.06%
S&P 500 - Fallers
Zimmer Biomet Holdings Inc (ZBH) $115.87 -5.67%
Stanley Black & Decker Inc. (SWK) $161.26 -3.13%
Hasbro Inc (HAS) $91.07 -3.03%
CF Industries Holdings Inc. (CF) $72.83 -2.97%
Universal Health Services Inc. (UHS) $126.00 -2.94%
Meta Platforms Inc. (FB) $231.04 -2.55%
Air Products & Chemicals Inc. (APD) $256.48 -2.51%
Avery Dennison Corp. (AVY) $185.23 -2.16%
Hologic Inc. (HOLX) $73.24 -2.01%
National Oilwell Varco Inc. (NOV) $15.90 -1.91%
Nasdaq 100 - Risers
American Airlines Group (AAL) $16.97 3.13%
Align Technology Inc. (ALGN) $504.33 2.95%
Amazon.Com Inc. (AMZN) $3,229.49 2.43%
Mercadolibre Inc. (MELI) $1,057.57 2.15%
Xilinx Inc. (XLNX) $213.14 1.97%
Biomarin Pharmaceutical Inc. (BMRN) $90.24 1.82%
Qurate Retail Inc. (QRTEA) $6.98 1.75%
Workday, Inc. (WDAY) $240.79 1.69%
Intuit Inc. (INTU) $552.99 1.65%
Vodafone Group Plc ADS (VOD) $18.50 1.62%
Nasdaq 100 - Fallers
Hasbro Inc (HAS) $91.07 -3.03%
Meta Platforms Inc. (FB) $231.04 -2.55%
Hologic Inc. (HOLX) $73.24 -2.01%
Netflix Inc. (NFLX) $402.85 -1.78%
Fastenal Co. (FAST) $54.18 -1.47%
Regeneron Pharmaceuticals Inc. (REGN) $614.30 -1.39%
CSX Corp. (CSX) $33.88 -1.22%
Electronic Arts Inc. (EA) $136.04 -1.21%
Texas Instruments Inc (TXN) $169.63 -1.04%
DENTSPLY Sirona Inc. (XRAY) $51.80 -0.96%