Stocks in the USA were ready to open in record territory Monday as investors prepared for what will be a busy week with several companies reporting earnings and an important report on manufacturing. Technology stocks were higher for the day with the S&P 500 technology sector increasing 0.02%. Expectations of solidly higher earnings, along with fairly low interest rates, have propelled stocks to multiple records in 2017.
FedEx fell 1.6 percent after it disclosed that the financial impact associated with the June virus attack of its TNT Express unit will "likely" be material.
War for the Planet of the Apes Draws Decent $56M Opening
Rottentomatoes.com, which distills critics' reviews into a single score, gave the film a 94 percent positive rating . Wish Upon , the weekend's other new premiere, can be found at the seventh spot with a small $5.5 million.
Asset management firm BlackRock fell 3.1 percent after reporting that second-quarter net income came in at $5.25 per share, 15 cents less than expected.
The blue-chip index fell 54.99 points, or 0.3%, to close at 21,574.73.
The Nasdaq Composite was up 4.29 points, or 0.07 percent, at 6,318.72.
Venkaiah Naidu picked as NDA's vice-presidential candidate
Venkaiah Naidu will be contesting against Gopalkrishna Gandhi who was jointly picked up by the opposition comprising 18 parties. His commitment towards the party and the country is the biggest reason behind him being elected as the candidate.
This follows a robust first quarter when U.S. companies posted their best earnings since 2011, according to Thomson Reuters I/B/E/S.
Wall Street also turned its eyes towards Washington, after two more Republican senators announced Monday that they would oppose the current Republican health care bill. The Dow Jones Small-Cap Growth TSM Index closed at 8,668.02 for a gain of 6.22 points or 0.07%.
Advancing issues outnumbered declining ones on the NYSE by a 1.28-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored advancers.
The Trump Administration Is Letting American Businesses Hire More Foreign Workers
Visas for more than 120,000 positions have been requested so far in fiscal 2017, according to Department of Labor statistics. In February, Mar-a-Lago, President Trump's Florida resort, announced it would hire 64 workers under the program.