NEW YORK — Stocks were mixed in early trading Monday, led by declines in energy companies, in a week when the pace of company earnings reports will pick up.
KEEPING SCORE: The Standard & Poor's 500 index fell one point, or 0.1 percent, to 1,842 as of 10:14 a.m. Eastern time. The Dow Jones industrial average was unchanged at 16,436. The Nasdaq composite rose one point to 4,175.
OIL SLUMP: Energy stocks led the declines in the stock market after the price of crude oil fell 60 cents, or 0.6 percent, to $92.12 a barrel. The price of oil is falling amid speculation that global crude supplies will remain plentiful even if demand picks up.
SLOW START: The stock market is getting the year off to a slow start after an exceptionally strong performance in 2013. The S&P 500 is down 0.5 percent so far this year, after climbing almost 30 percent last year. A weak December jobs report that was released Friday has left investors feeling cautious about the economy.
BIG BANKS AND OTHERS: JPMorgan Chase, Wells Fargo and Bank of America are among the big banks that will report fourth-quarter earnings this week. Best Buy and the UnitedHealth group are among the non-financial companies that will report earnings.
WATCHING EARNINGS: "Stocks are still in a wait-and-see mode," ahead of earnings, said Kate Warne, an investment strategist at Edward Jones, a brokerage firm. "We think we'll continue to see more signs of strength than weakness, and that's a positive tone for the market for the year."
HIGH-END ATHLETICS: Lululemon Athletica fell $9.64, or 16.2 percent, to $49.88 after the yoga apparel maker said sales have dropped off in January and its fourth-quarter results will be lower than expected.
BEVERAGES: Beam, the maker of Jim Beam, Maker's Mark and other liquors jumped $16.09, or 24 percent, to $83.05 after the company announced that it had agreed to be acquired by Japan's Suntory for $14 billion.
TREASURYS AND GOLD: The yield on the 10-year Treasury note was unchanged at 2.86 percent from Friday. Gold fell $1.40, or 0.1 percent, to $1,245.50 an ounce.
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