US markets start the week in neutral

AP News
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Posted: Feb 29, 2016 9:44 AM
US markets start the week in neutral

NEW YORK (AP) — U.S. stocks started off in neutral as traders weighed corporate earnings and inaction by the world's leading economic policymakers.

Signet Jewelers led gainers Monday after it signaled better results for its most recent quarter. NRG Energy slumped on a disappointing earnings report.

Policymakers at a weekend meeting of the Group of 20 rich and developing countries promised to use "all tools" at their disposal to bolster weak global growth but nothing substantive emerged.

The Dow Jones industrial average rose 2 points to 16,642 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index lost a fraction of a point, to 1,947. The Nasdaq composite fell less than a point to 4,590.

Bond prices were also flat. The yield on the 10-year Treasury note remained at 1.76 percent.