US stocks slip as traders brace for earnings news
U.S. stocks are edging lower in midday trading as the market comes off its worst week in more than two years.
The Dow Jones industrial average fell 23 points, or 0.1 percent, to 16,524 as of noon Eastern time Monday.
The Standard & Poor’s 500 fell four points, or 0.2 percent, to 1,902. The Nasdaq composite was flat at 4,275.
U.S. stocks swung wildly last week and ended lower because of renewed fears of a slowdown in Europe. The S&P 500 fell 3.1 percent, its worst week since May 2012.
J.C. Penney rose 3 percent after naming a Home Depot executive as its next CEO.
Crude oil fell 96 cents to $84.88 a barrel.
Bond prices rose slightly. The yield on the 10-year Treasury note slipped to 2.28 percent.