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Stocks slid Monday morning, after the major averages posted their best week in months amid a stronger-than-expected start to earnings season.
The Dow Jones Industrials faded 77.91 points to 35,217.15.
The S&P 500 docked 1.34 points to 4,470.03.
The NASDAQ Composite gained 11.39 points to 14,908.72.
A number of big names are set to report in the week ahead, including Netflix, Johnson & Johnson, United Airlines and Procter & Gamble on Tuesday. Tesla, Verizon and IBM are among the other names on deck for the week.
Disney shares lost more than 2% after Barclays downgraded the stock and predicted streaming subscriber growth will slow.
A few things dented sentiment on Monday. Overnight, China reported gross domestic product that disappointed, coming in at 4.9% annual growth in the third quarter. That was short of the 5.3% growth expected by economists polled by Reuters. Industrial production in China last month also fell short of expectations.
U.S. industrial production declined in September too, falling almost 1.28% to its lowest level since February, when it fell 3.02%.
Prices for 10-year Treasurys lost some ground, raising yields to 1.60% from Friday’s 1.58 %. Treasury prices and yields move in opposite directions.
Oil prices picked up 85 cents to $83.13 U.S. a barrel.
Gold prices gained a dime to $1,768.40 U.S. an ounce.
