Stocks turn mixed as Wall Street prepares for earnings
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By DAMIAN J. TROISE
AP Business Writer
Stocks turned mixed in afternoon trading on Wall Street Monday as communications firms slipped and tempered gains from technology companies. The S&P 500 and the Dow Jones Industrial Average fell 0.1%. The Nasdaq rose 0.1%. The price of benchmark U.S. crude oil was up 2.4% to just over $81 a barrel. Investors are looking ahead to the beginning of company earnings reports this week. JPMorgan Chase delivers its results on Wednesday and Bank of America, Wells Fargo and Citigroup will report on Thursday. The Labor Department will release inflation measures on Wednesday and Thursday. Bond trading was closed for the Columbus Day holiday.Â