Investing.com - U.S. stocks opened mixed on Monday, after the release of a positive U.S. durable goods report, although investors remained cautious ahead of U.S. economic growth data.
During early U.S. trade, the Dow Jones Industrial Average inched up 0.05%, the S&P 500 index slipped 0.07%, while the Nasdaq Composite index rose 0.28%.
The U.S. Census Bureau said that total durable goods orders, which include transportation items, rose by a seasonally adjusted 4.6% in December, beating expectations for a 1.8% gain.
Durable goods for November were revised down to a 0.7% gain from a previously reported 0.8% increase.
The report also showed that core durable goods orders, excluding volatile transportation items, rose by a seasonally adjusted 1.3% last month, compared to expectations for a 0.7% increase.
Core durable goods orders for November were revised down to a 1.2% gain from a previously reported jump of 1.6%.
Meanwhile, investors remained cautious ahead of U.S. data on fourth quarter growth and the Federal Reserve’s monetary policy statement on Wednesday and U.S. nonfarm payrolls data on Friday.
Among earnings, Caterpillar jumped 1.73% after the company results well below expectations but said it expected profits to improve during the year.
Yahoo was also on the upside, adding 0.10%, after CEO Marissa Mayer said on Friday that she was focusing on building strong partnerships with Apple, Google and Facebook. The company was slated to report fourth-quarter earnings after the closing bell.
Also in the Internet sector, Facebook surged 2.31% following an upgrade to outperform by Raymond James.
On the downside, aircraft giant Boeing dropped 0.73%, following reports the recent grounding of its 787 Dreamliners will most likely cost the company USD550 million.
Financial stocks also trended broadly lower, as shares in Bank of America fell 0.26% and Goldman Sachs declined 0.50%, while Citigroup and JP Morgan retreated 0.61% and 1% respectively.
Bloomberg reported earlier that Bank of America began moving more than USD50 billion of derivatives business out of its Dublin-based operation and into its UK subsidiary.
Separately, Goldman Sachs was said to be seeking to sell a USD1 billion stake in Industrial & Commercial Bank of China.
Across the Atlantic, European stock markets were mixed to higher. The EURO STOXX 50 rose 0.27%, France’s CAC 40 added 0.26%, Germany's DAX eased 0.08%, while Britain's FTSE 100 climbed 0.57%.
During the Asian trading session, Hong Kong's Hang Seng Index advanced 0.39%, while Japan’s Nikkei 225 Index tumbled 0.94%.
Later in the day, the U.S. was to release private sector data on pending home sales.
During early U.S. trade, the Dow Jones Industrial Average inched up 0.05%, the S&P 500 index slipped 0.07%, while the Nasdaq Composite index rose 0.28%.
The U.S. Census Bureau said that total durable goods orders, which include transportation items, rose by a seasonally adjusted 4.6% in December, beating expectations for a 1.8% gain.
Durable goods for November were revised down to a 0.7% gain from a previously reported 0.8% increase.
The report also showed that core durable goods orders, excluding volatile transportation items, rose by a seasonally adjusted 1.3% last month, compared to expectations for a 0.7% increase.
Core durable goods orders for November were revised down to a 1.2% gain from a previously reported jump of 1.6%.
Meanwhile, investors remained cautious ahead of U.S. data on fourth quarter growth and the Federal Reserve’s monetary policy statement on Wednesday and U.S. nonfarm payrolls data on Friday.
Among earnings, Caterpillar jumped 1.73% after the company results well below expectations but said it expected profits to improve during the year.
Yahoo was also on the upside, adding 0.10%, after CEO Marissa Mayer said on Friday that she was focusing on building strong partnerships with Apple, Google and Facebook. The company was slated to report fourth-quarter earnings after the closing bell.
Also in the Internet sector, Facebook surged 2.31% following an upgrade to outperform by Raymond James.
On the downside, aircraft giant Boeing dropped 0.73%, following reports the recent grounding of its 787 Dreamliners will most likely cost the company USD550 million.
Financial stocks also trended broadly lower, as shares in Bank of America fell 0.26% and Goldman Sachs declined 0.50%, while Citigroup and JP Morgan retreated 0.61% and 1% respectively.
Bloomberg reported earlier that Bank of America began moving more than USD50 billion of derivatives business out of its Dublin-based operation and into its UK subsidiary.
Separately, Goldman Sachs was said to be seeking to sell a USD1 billion stake in Industrial & Commercial Bank of China.
Across the Atlantic, European stock markets were mixed to higher. The EURO STOXX 50 rose 0.27%, France’s CAC 40 added 0.26%, Germany's DAX eased 0.08%, while Britain's FTSE 100 climbed 0.57%.
During the Asian trading session, Hong Kong's Hang Seng Index advanced 0.39%, while Japan’s Nikkei 225 Index tumbled 0.94%.
Later in the day, the U.S. was to release private sector data on pending home sales.