· Stocks posted a muted performance on Monday as the busiest week of the corporate earnings season kicked off.
The Dow Jones Industrial Average fell 48.49 points to 26,511.05, the a gain in energy shares lifted the S&P 500 by 0.1% to 2,907.97. The Nasdaq Composite outperformed, climbing 0.2% to 8,015.27.
Boeing contributed the most to the Dow’s losses, falling 1.3% after The New York Times reported that workers at the company’s 787 jet plant have complained about shoddy production and bad safety practices.
More than 140 S&P 500 companies are scheduled to release their quarterly results this week, including Coca Cola, Procter & Gamble, United Technologies, Verizon, Twitter, Lockheed Martin and eBay. Facebook, Microsoft and Tesla Motors are also set to report later this week.
· Shares in Asia rose in Tuesday morning trade as the U.S. earnings season kicks into high gear.
The Nikkei 225 in Japan added 0.2 percent in early trade as shares of index heavyweight Softbank Group jumped 1.26 percent. The Topix index also gained 0.35 percent.
Meanwhile, South Korea’s Kospi rose 0.18 percent, with chipmaker SK Hynix’s stock gaining 0.87 percent.
Australia’s ASX 200, which was closed on Monday for a holiday, also gained 0.26 percent as almost all sectors advanced. The energy subindex added around 1.34 percent as shares of oil companies rose amid the recent surge in crude prices. Santos gained 1.87 percent, Woodside Petroleum advanced 1.46 percent and Beach Energy jumped 2.34 percent.
Reference: CNBC
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