S&P 500 edges lower after record close, as earnings season ramps up and Netflix results await

U.S. stocks are creeping lower Tuesday morning, as traders eye the growing pile of corporate earnings reports and take a breather after Monday’s record performance from two of the major benchmarks. How stocks are trading
The S&P 500 was down 3 points, or 0%, at 4,847

The Dow Jones Industrial Average fell 141 points, or 0.3%, to 37,860

The Nasdaq Composite gained less than a point, or 0%, at 15,360

On Monday, the Dow Jones Industrial Average
DJIA
rose 138 points, or 0.36%, to 38002, the S&P 500
SPX
increased 11 points, or 0.22%, to 4850, and the Nasdaq Composite
COMP
gained 49 points, or 0.32%, to 15360.

What’s driving markets The Dow notched its first-ever close above 38,000 on Monday, while the S&P 500 finished the day with its second record close for 2024. For now, the S&P 500 could make it a third record close. Tuesday’s calendar has little on the economic data front, though data on fourth-quarter GDP and inflation numbers are coming later this week. The main event for the day is the stream of fourth-quarter earnings that’s turning into a torrent. Companies releasing results on Tuesday include Verizon
VZ,
+5.65%,
3M
MMM,
-11.88%,
General Electric
GE,
-1.52%,
Johnson & Johnson
JNJ,
-1.63%,
Procter & Gamble Co.
PG,
+4.26%
and RTX
RTX,
+5.84%
before the opening bell. After market close, there’s Netflix
NFLX,
+0.18%,
Texas Instruments
TXN,
+0.69%
and Baker Hughes
BKR,
+0.95%.
With the Dow Jones Industrial Average and S&P 500 at record highs, and the tech-heavy Nasdaq Composite having jumped 18% in just the past three mon …

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