U.S. Stocks Open Steady as Xerox Looks at Strategic Options

U.S. stocks open steady as investors try to build on the rally from last week. U.S. major averages have been up for 4 straight weeks. Xerox (XRX) however is evaluating its options after a weak quarter. The company's results were lower than last year and they also missed analysts expectations. Xerox, best known as a maker of printers and copiers, said it would undertake a 'comprehensive review of structural options.' Xerox and its rival printer makers Lexmark International (LKX) and Hewlett Packard (HPQ) have been hit hard as corporate customers reduce printing to cut costs and consumers shift to mobile devices. This was Xerox's first quarterly loss since 2010.