Stocks open mixed as investors pore over earnings reports


Stocks are off to a mixed start on Wall Street as traders weigh another big set of company earnings reports, which have been coming in largely ahead of analysts’ forecasts. They’re also remaining cautious amid the spread of the more contagious delta variant of COVID-19. The S&P 500 was up a little less than 0.1% in the early going Monday. Clorox slumped 11% after reporting results that fell short of forecasts, while Ralph Lauren rose 9% after its results beat estimates. U.S. shares of Tencent fell 3.5% after China’s biggest gaming company said it would limit gaming time for minors.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

BEIJING (AP) — European stocks opened higher Tuesday while Asian markets declined as jitters about the spread of the coronavirus’s delta variant in China and the United States dented enthusiasm about strong corporate profits.

London and Frankfurt advanced while Shanghai, Tokyo and Hong Kong fell.


Read more…