US open: Stocks muted, geopolitics and bank earnings in focus

(Sharecast News) - Wall Street trading got off to a mixed start on Monday after major indices closed out a winning week, with investors now turning their attention to a heavy slate of earnings and fresh inflation data in the days ahead.

As of 1500 BST, the Dow Jones Industrial Average was up 0.17% at 51,741.41, while the S&P 500 advanced 0.04% to 7,814.29 and the Nasdaq Composite came out of the gate 0.05% weaker at 27,353.40.

The Dow opened 86.46 points higher on Monday, extending gains recorded in the previous session after tech stocks rebounded as investors tried to shake off a volatile week marked by rising Treasury yields, firmer oil prices and a pullback in the AI trade.

Geopolitics were in focus at the open on Monday after Donald Trump said over the weekend that he was considering joining Saudi Arabia in strikes against Tehranbacked Houthi forces in Yemen, following another deadly attack on Riyadh's international airport.

Trump also announced what he described as an "energy ceasefire" between Russia and Ukraine, though oil prices briefly dipped before reversing higher when Ukrainian president Volodymyr Zelenskyy said Moscow had already violated the agreement. West Texas Intermediate was last up 1.92% at $93.61 a barrel, while Brent gained 1.94% to $106.75 a barrel.

Market participants will now be looking towards thirdquarter earnings season, with results from the major US banks set to dominate the week, as Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo were all set to report before the end of the week.

Logistics and package delivery business FedEx will publish its latest quarterly earnings figures after the close.

While no major data points were scheduled for release on Monday, September's consumer and producer price indexes will be released on Wednesday and Thursday, respectively.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Salesforce.Com Inc. (CRM) $235.32 3.66%

Apple Inc. (AAPL) $341.39 2.70%

Microsoft Corp. (MSFT) $539.38 2.62%

Chevron Corp. (CVX) $216.12 2.01%

Verizon Communications Inc. (VZ) $42.49 1.18%

Amgen Inc. (AMGN) $415.67 1.12%

Visa Inc. (V) $388.33 0.83%

JP Morgan Chase & Co. (JPM) $334.79 0.69%

Coca-Cola Co. (KO) $88.57 0.68%

International Business Machines Corporation (CDI) (IBM) $227.60 0.46%

Dow Jones - Fallers

Intel Corp. (INTC) $102.66 -4.01%

McDonald's Corp. (MCD) $233.28 -1.00%

Nike Inc. (NKE) $34.39 -0.90%

Unitedhealth Group Inc. (UNH) $376.52 -0.77%

Home Depot Inc. (HD) $289.18 -0.53%

Dow Chemical Co. (DOW) $28.33 -0.53%

Procter & Gamble Co. (PG) $151.30 -0.16%

3M Co. (MMM) $159.85 -0.03%

S&P 500 - Risers

Biogen Inc (BIIB) $231.60 4.66%

Gen Digital Inc. (GEN) $23.71 3.99%

Salesforce.Com Inc. (CRM) $235.32 3.66%

Accenture Plc (ACN) $215.53 3.53%

eBay Inc. (EBAY) $115.12 3.46%

Medtronic Plc (MDT) $91.65 3.46%

Meta Platforms Inc. (META) $746.70 3.43%

Akamai Technologies Inc. (AKAM) $104.05 2.85%

Fortinet Inc. (FTNT) $195.03 2.84%

Valero Energy Corp. (VLO) $443.90 2.82%

S&P 500 - Fallers

Coterra Energy Inc. (CTRA) $32.56 -8.62%

KLA-Tencor Corp. (KLAC) $190.82 -4.94%

Micron Technology Inc. (MU) $991.56 -4.81%

Lam Research Corp. (LRCX) $310.83 -4.22%

Intel Corp. (INTC) $102.66 -4.01%

Texas Instruments Inc (TXN) $278.48 -3.96%

Applied Materials Inc. (AMAT) $495.93 -3.91%

Corning Inc. (GLW) $151.80 -3.70%

Charter Communications Inc. (CHTR) $102.46 -3.66%

Alexandria Real Estate Equities Inc. (ARE) $43.85 -3.54%

Nasdaq 100 - Risers

Biogen Inc (BIIB) $231.81 4.66%

Gen Digital Inc. (GEN) $23.68 3.99%

eBay Inc. (EBAY) $115.21 3.46%

Meta Platforms Inc. (META) $747.40 3.43%

Apple Inc. (AAPL) $341.65 2.70%

Microsoft Corp. (MSFT) $538.91 2.62%

Cognizant Technology Solutions Corp. (CTSH) $60.22 2.58%

Illumina Inc. (ILMN) $275.89 2.49%

Check Point Software Technologies Ltd. (CHKP) $137.52 2.44%

Skyworks Solutions Inc. (SWKS) $77.27 2.39%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $0.34 -13.49%

KLA-Tencor Corp. (KLAC) $191.11 -4.94%

Micron Technology Inc. (MU) $992.05 -4.81%

Lam Research Corp. (LRCX) $310.79 -4.22%

Intel Corp. (INTC) $102.38 -4.01%

Texas Instruments Inc (TXN) $278.72 -3.96%

Applied Materials Inc. (AMAT) $495.93 -3.91%

Charter Communications Inc. (CHTR) $102.20 -3.66%

T-Mobile Us, Inc. (TMUS) $151.10 -3.24%

Microchip Technology Inc. (MCHP) $73.59 -3.10%