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Home >> Business >> Article
U.S. stocks end mixed ahead of earnings season
From:Xinhua  |  2017-01-10 10:46

NEW YORK, Jan. 9 (Xinhua) -- U.S. stocks closed mixed Monday,with the Nasdaq Composite Index logging a five-day winnings streak,as investors shifted their focus to the start of earningsseason.

The Dow Jones Industrial Average fell 76.42 points, or 0.38percent, to 19,887.38. The S&P 500 dipped 8.08 points, or 0.35percent, to 2,268.90. The Nasdaq Composite Index rose 10.76 points,or 0.19 percent, to 5,531.82.

The fourth quarter earnings season will kick off later thisweek, when several financial giants report their numbers.

Traders kept close eye on the financial sectors, which hasposted a sharp rally since the U.S. Presidential Election Day.

Oil prices were also in focus Monday, which tumbled nearly 4percent on concerns over rising Iraqi exports.

With no major economic data due Monday, investors continued todigest the nonfarm payrolls released last Friday.

U.S. total nonfarm payroll employment rose by 156,000 inDecember, missing market consensus of 175,000, and the unemploymentrate was little changed at 4.7 percent, according to the LaborDepartment.

Overseas, European equities also closed mixed Monday. Germanbenchmark DAX index at Frankfurt Stock Exchange inched down 0.30percent, while British benchmark FTSE 100 Index added 0.38percent.

In Asia, Chinese stocks rallied on Monday, with the benchmarkShanghai Composite Index going up 0.54 percent to 3,171.24 points.Enditem

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