Listen

Description

US markets little changed in subdued trading as investors seemingly moved to the sidelines ahead of a flood of second-quarter corporate earnings releases later in the week - Dow slipped 8-points or -0.04% and the broader S&P500 -0.01%. The technology-centric NASDAQ inched +0.03% higher to extend the indices' rally into a seventh consecutive session. Netflix posted second-quarter numbers after the market close and the stock rallied over >8%, buoyed by strong third-quarter guidance. Notable earnings later this week include IBM Corp, Bank of America Corp and Goldman Sachs tonight; Morgan Stanley, American Express and Unilever on Wednesday (July 19); eBay Inc, Snap Inc and Microsoft Corp on Thursday (July 20). Analysts forecast another quarter of above-average growth, with consensus estimates of 6.2% year-on-year growth among S&P500 companies in the second-quarter.