(Reuters) – The New York Stock Exchange opened slightly lower on Monday, investors catching their breath after a last week marked by records and before the publication of a new burst of highly anticipated company results.
In early trading, the Dow Jones index lost 31.50 points, or 0.07%, to 43,244.41 points while the broader Standard & Poor’s 500 fell 0.13% to 5,856.88.
The Nasdaq Composite lost 0.16%, or 30.36 points, to 18,459.19 points.
A quarter of S&P 500 companies are due to report earnings this week, including giants Tesla, IBM and Boeing.
“The results will be very important in giving direction to stocks – whether current US valuations are justified or not,” said Chris Scicluna, head of economic research at Daiwa Capital Markets in London.
In addition to the results, the imminent arrival of the presidential election in the United States also fuels caution.
On the values ​​side, Cigna lost 3.12% after resuming discussions around a potential merger with its rival Humana, whose stock gained 2.82%.
Boeing gains 5.12% after offering a new offer to its employees which could end a five-week strike.
(Written by Pauline Foret, edited by Blandine Hénault)
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