Markets Right Now: Stocks dip ahead of busy earnings week

AP News
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Posted: Jul 24, 2017 12:00 PM

NEW YORK (AP) — The latest on developments in financial markets (All times local):

11:45 a.m.

U.S. stock indexes dipped ahead of a busy week of corporate earnings reports and a meeting of the Federal Reserve.

Health information site WebMD soared 20 percent Monday after agreeing to be acquired by the investment firm KKR.

More than a third of the companies in the S&P 500 are scheduled to report their second-quarter earnings this week, including many big technology names.

The Federal Reserve's policymaking committee begins a two-day meeting on Tuesday, following its decision last month to raise short-term interest rates for the third time since December.

The Standard & Poor's 500 index slipped 3 points, or 0.1 percent, to 2,469.

The Dow Jones industrial average fell 55 points, or 0.3 percent, to 21,524. The Nasdaq composite was little changed at 6,389.

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9:35 a.m.

Stocks are off to a mixed start on Wall Street as declines in health care and consumer-focused companies outweigh gains in other parts of the market.

Nike fell about 1 percent in early trading Monday, while Johnson & Johnson was down 0.6 percent.

Health information site WebMD soared 20 percent after agreeing to be acquired by the investment firm KKR.

The Standard & Poor's 500 index slipped 1 point to 2,471.

The Dow Jones industrial average fell 10 points, or 0.1 percent, to 21,567. The Nasdaq composite was little changed at 6,389.

Bond prices slipped. The yield on the 10-year Treasury rose to 2.25 percent.