US stock market slips in light trading
NEW YORK (AP) — The stock market is closing slightly lower in light trading as traders look ahead to a busy week for company earnings.
JPMorgan Chase, Johnson & Johnson, and Wells Fargo are among the big names turning in quarterly results Tuesday as earnings season gets underway.
The Dow Jones industrial average fell 80 points, or 0.5 percent, to 17,977 Monday.
The Standard & Poor’s 500 index slipped nine points, or 0.5 percent, to 2,092. The Nasdaq composite fell seven points, or 0.2 percent, to 4,988.
JetBlue Airways surged 4 percent after the airline reported a big increase in passengers last month.
Bond prices didn’t move much. The yield on the 10-year Treasury note held steady at 1.95 percent.