Dow Declines Ahead of Big Week of Earnings

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.