The EconomyWith no macroeconomic releases scheduled for Monday's trading session, investors will likely shift their focus to earnings season, which kicks off with Alcoa's results after the close of trading. Wall Street is anticipating a profit of 12 cents a share.
Company NewsShares across the basic materials and capital goods sectors put the most pressure on the market with United Technologies ( UTX) showing the weakest performance on the Dow, followed by DuPont ( DD), Caterpillar ( CAT) and Alcoa. Meanwhile, the tech sector finished higher with Microsoft ( MSFT) and Intel ( INTC) grabbing the best gains on the Dow. Shares of
Commodities and the DollarThe August crude oil contract declined by $1.14, to settle at $74.95 a barrel. Elsewhere in commodity markets, the August gold contract traded $11.10 lower to settle at $1,198.70 an ounce. The dollar was trading higher against a basket of currencies, with the