Stocks slip Monday after S&P 500 and Dow post six-week winning streak
U.S. stocks fell slightly on Monday after a strong week for the major averages, as investors awaited the release of major corporate earnings reports.
The S&P 500 and Nasdaq Composite slipped 0.1% each. The Dow Jones Industrial Average also shed 0.1%, or 55 points.
The moves come after both the S&P 500 and 30-stock Dow registered all-time highs on Friday, cementing a sixth straight weekly advance for both benchmarks. The S&P 500 ended the week 0.85% higher, while the Dow closed up 0.96%. The Nasdaq Composite climbed 0.8%.
Whether stocks can sustain those gains may depend on whether companies can beat expectations this earnings season, which is set to ramp up this week. Roughly one-fifth of S&P 500 companies are set to report through Friday.
Source: CNBC