Stocks edged lower in early trading on Wall Street today as public companies were set to report their profits for the second quarter, an indicator of the strength of the U.S. and global economies.
The Dow Jones industrial average was down 55 points, or 0.4%, to 12,718 shortly after the opening bell.
The Standard & Poor's 500 index was off 5 points, or 0.3%, to 1,350. The Nasdaq was down 7 points, or 0.3%, to 2,930.
Major U.S. indexes lost about 1% Friday as the United States reported sluggish job growth in June. U.S. employers added only 80,000 jobs, keeping the unemployment rate at 8.2%, the Labor Department reported.
In Europe, Spanish and Italian 10-year bond yields increased Monday, a sign investors perceived higher risk that the countries would default on their debts. Spanish yields hovered around 7%; Italian yields were above 6%.