MW Dow off 150 points at the open as investors await fresh batch of corporate earnings
U.S. stock benchmarks on Monday rallied rally ahead of a the start of first-quarter corporate results, which unofficially kick off later this week. The Dow Jones Industrial Average fell 155 points, or 0.6%, to reach 26,265, the S&P 500 index retreated 0.3% to 2,884, while the Nasdaq Composite Index gave up 0.4% to 7,907 to start the week's action. First-quarter corporate results are set to kick off later this week, which could help to determine if further gains for stocks are warranted. Trading thus far has been at least partly driven by optimism surrounding U.S.-China trade negotiations. The S&P 500 has climbed for seven straight stations, as of Friday's finish. In corporate news, market participants were awaiting the public listing of Pinterest next week after the online-imaging company set its price range for $15 to $17 a share. Meanwhile, shares of Southwest Airlines (LUV) and Boeing Co. (BA) in aftermath of grounding of the 737 MAX fleet of jets, following a pair of fatal crashes.
-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 08, 2019 09:37 ET (13:37 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.