Wall Street slips as caution rises over earnings; financials down

  • Energy sector down after hitting highest since Jan 2020
  • Big banks set to start reporting results from Wednesday
  • Indexes up: Dow 0.4%, S&P 0.3%, Nasdaq 0.1%

NEW YORK, Oct 11 (Reuters) – U.S. stocks were mostly lower in afternoon trading Monday with trading choppy as investors were cautious before third-quarter earnings season.

Indexes reversed earlier gains, with the Dow and S&P 500 lower and the Nasdaq essentially flat.

Supply chain problems and higher costs for energy and other things have fueled concern about earnings, set to kick off with JPMorgan Chase & Co (JPM.N) results on Wednesday.

JPMorgan shares were

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Wall Street wavers as oil slips on growing Delta variant worries

Equities updates

Stocks wavered and commodity prices sank on Monday as the spread of the Delta variant of coronavirus resurfaced doubts about the strength of the rebound of the global economy.

The benchmark S&P 500 ended the day down 0.1 per cent, hovering around the all-time high hit last week. The technology-heavy Nasdaq Composite closed 0.2 per cent higher.

Energy stocks lagged, as oil added to last week’s losses and investors worried that the spread of the Delta variant of coronavirus could depress demand for

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