Stock Market Today: Geopolitical Tensions Hang Heavy Over Stocks

NEW YORK (TheStreet) -- Benchmark U.S. stock indices were dipping Monday, though the S&P 500 remained sitting near all-time highs. Geopolitical tensions in Ukraine and the Gaza Strip pulled markets lower, though the outlook on earnings growth remained promising.

The Dow Jones Industrial Average was falling 0.37% to 17,037.6. The S&P 500 was behind by 0.37% to 1,970.91. The Nasdaq was slipping 0.36% to 4,416.01.

The possibility of additional western sanctions against Russia are mounting this week as more and more evidence leads back to Russia as being responsible for helping rebels in Ukraine destroy Malaysia Airlines Flight 17, killing all 298 aboard.

Israel and Gaza remain in the headlines after a major ground battle on Sunday between Israel and the Hamas killed 65 Palestinians and 13 Israeli soldiers.

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The U.S. market calendar was devoid of major economic data Monday, with earnings sitting front and center. Wall Street expects second-quarter earnings at online streaming company Netflix (NFLX) to have more than doubled to $1.16 a share from 49 cents a year earlier, even as the company invests more in production and international expansion. Chipmaker Texas Instruments (TXN) is expected to post earnings of 59 cents a share in the second quarter on revenue of $3.27 billion. Chipotle Mexican Grill (CMG) is forecast to report second-quarter earnings of $3.08 a share on revenue of $989.6 million. Apple (AAPL) will be disclosing its latest financial statement on Tuesday, with Boeing (BA) and Facebook (FB) on Wednesday.

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