Reply #18: Wall Street cautious as earnings loom

[ozymandius]

Wall Street stocks were mixed at midmorning on Monday, with blue chips nosing further into record territory as investors awaited a swathe of earnings reports this week.

After the main indices ended last week in record territory, stock index futures were mixed before the cash market opened and at midmorning that tone continued to prevail.

Less than an hour after the opening bell, the S&P 500 index was down 0.1 per cent at 1,551.44. Among the main S&P sectors, telecom and industrial stocks were firmer, while energy and utiltiies were leading losses.

The Nasdaq Composite was 0.1 per cent lower at 2,703.22 .

Meanwhile, the Dow Jones Industrial Average was 0.1 per cent higher at 13,927.08. The Dow had set a new intra-day record high of 13,938.06 and investors were waiting to see a number of companies in the index release their earnings this week.

http://news.yahoo.com/s/ft/20070716/bs_ft/fto071620071125094778