US open: Stocks lower as investors look ahead to Q3 earnings

(Sharecast News) - Wall Street stocks were in the red early on Monday as major indices fell short of picking up where they left off in the previous session. As of 1530 BST, the Dow Jones Industrial Average was down 0.22% at 42,259.10, while the S&P 500 lost 0.33% to 5,732.22 and the Nasdaq Composite came out the gate 0.52% weaker at 18,042.86.

The Dow Jones opened 93.65 points lower on Monday, taking a bite out of gains recorded on Friday following a stronger-than-expected September jobs report.

Treasury yields were in focus early on Monday, as the yield on the benchmark 10-year note rose almost three basis points to 4.008, the first time since August that it has topped 4%. The two-year note surged roughly seven basis points to also sit at roughly 4%.

Oil prices were also drawing an amount of investor attention amid heightened tensions in the Middle East following Israel's ground invasion of Lebanon and Iran's retaliatory strike, with Brent crude up 2.08% at $79.67 a barrel and West Texas Intermediate 2.41% higher at $76.17.

On the macro front, August consumer credit change data will be published at 2000 BST.

No major corporate earnings were slated for release on Monday but traders were patiently awaiting the beginning of Q3 earnings season later in the week, with JPMorgan, Wells Fargo and BlackRock all set to report before the end of the week.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Boeing Co. (BA) $157.68 1.73% Chevron Corp. (CVX) $152.53 1.19% Walgreens Boots Alliance, Inc. (WBA) $8.80 0.92% JP Morgan Chase & Co. (JPM) $212.20 0.46% Merck & Co. Inc. (MRK) $110.26 0.45% Dowdupont Inc. (DWDP) $0.00 0.00% Caterpillar Inc. (CAT) $397.02 -0.02% Johnson & Johnson (JNJ) $160.22 -0.04% Unitedhealth Group Inc. (UNH) $590.94 -0.04% Procter & Gamble Co. (PG) $168.80 -0.05%

Dow Jones - Fallers

Travelers Company Inc. (TRV) $231.82 -1.86% Walt Disney Co. (DIS) $94.25 -0.95% Dow Chemical Co. (DOW) $54.87 -0.85% Apple Inc. (AAPL) $224.89 -0.84% Nike Inc. (NKE) $81.56 -0.84% Coca-Cola Co. (KO) $69.59 -0.83% Visa Inc. (V) $275.87 -0.74% 3M Co. (MMM) $134.31 -0.71% Amgen Inc. (AMGN) $317.98 -0.53% Home Depot Inc. (HD) $406.23 -0.52%

S&P 500 - Risers

Air Products & Chemicals Inc. (APD) $306.20 7.25% Coty Inc. Class A (COTY) $9.43 4.89% Pfizer Inc. (PFE) $29.61 3.60% MGM Resorts International (MGM) $41.54 2.75% Helmerich & Payne Inc. (HP) $34.95 1.92% Nektar Therapeutics (NKTR) $1.35 1.89% Advance Auto Parts (AAP) $39.42 1.87% Boeing Co. (BA) $157.68 1.73% Apache Corp. (APA) $27.47 1.60% Diamondback Energy Inc. (FANG) $198.36 1.51%

S&P 500 - Fallers

Everest Group (EG) $380.99 -6.40% CenturyLink Inc. (LUMN) $6.43 -5.09% Foot Locker Inc. (FL) $23.26 -3.50% Monster Beverage Corp (MNST) $49.23 -3.38% Constellation Brands Inc. Class A (STZ) $238.55 -3.29% Amazon.Com Inc. (AMZN) $181.13 -2.88% Assurant Inc. (AIZ) $192.32 -2.64% Netflix Inc. (NFLX) $702.00 -2.46% Under Armour Inc. Class A (UAA) $8.63 -2.43% Vornado Realty Trust (VNO) $38.40 -2.40%

Nasdaq 100 - Risers

Baidu Inc. (BIDU) $114.00 3.20% Nvidia Corp. (NVDA) $126.76 1.47% Wynn Resorts Ltd. (WYNN) $106.68 1.16% JD.com, Inc. (JD) $47.45 1.02% Walgreens Boots Alliance, Inc. (WBA) $8.79 0.80% American Airlines Group (AAL) $11.59 0.69% Vodafone Group Plc ADS (VOD) $9.73 0.67% Booking Holdings Inc. (BKNG) $4,211.29 0.56% Fastenal Co. (FAST) $70.51 0.47% Gilead Sciences Inc. (GILD) $84.90 0.37%

Nasdaq 100 - Fallers

Monster Beverage Corp (MNST) $49.23 -3.38% Amazon.Com Inc. (AMZN) $181.13 -2.88% Netflix Inc. (NFLX) $702.00 -2.46% Align Technology Inc. (ALGN) $236.18 -2.14% NetEase Inc. Ads (NTES) $100.49 -1.79% Sirius XM Holdings Inc (SIRI) $22.33 -1.76% Illumina Inc. (ILMN) $138.97 -1.74% Asml Holdings N.V. (ASML) $818.73 -1.71% Cadence Design Systems Inc. (CDNS) $264.23 -1.64% Tesla Inc (TSLA) $246.02 -1.62%