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U.S. equities were lower Monday, putting Wall Street on track to take a breather after another positive week, as traders braced for big retail earnings.
The Dow Jones Industrials eked higher 10.15 points to open Monday and the week at 33,771.26
The S&P 500 fell 3.57 points to 4,276.55
The NASDAQ Composite fought its way higher 8.79 points, or to 13,055.18.
Monday’s moves come after disappointing economic data out of China overnight. The country’s central bank also cut rates unexpectedly, raising concern over China’s economic recovery.
Investors are looking ahead to a week of earnings from big retailers including Home Depot, Walmart and Target, and listening for clues on how their businesses have been affected by inflation and other macro challenges in the most recent quarter.
Treasury prices were up, lowering yields to 2.78% from Friday’s 2.84%.
Oil prices tumbled $4.31 to $87.78 U.S. a barrel.
Gold prices fell $22.20 to $1,793.30 U.S. an ounce.
