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U.S. stocks open narrowly mixed amid data, earnings

Xinhua, July 14, 2015 Adjust font size:

U.S. stocks opened narrowly mixed on Tuesday as investors were digesting economic data and second-quarter earnings reports from big companies.

U.S. retail sales came out weaker than expected. Advance estimates of U.S. retail and food services sales for June were 442.0 billion U.S. dollars, a decrease of 0.3 percent from the previous month, missing market consensus of a 0.3-percent gain, the Commerce Department announced Tuesday.

The reporting season for major U.S. banks kicked off on Tuesday.

JPMorgan Chase & Co. rose about 0.6 percent in early trading after reporting better-than-expected quarterly earnings before the opening bell. The bank earned 1.54 dollars per share for the second quarter of 2015 on revenue of 24.5 billion dollars for the period.

Wells Fargo & Company reported net income of 5.7 billion dollars, or 1.03 dollars per diluted

common share, for second quarter 2015, compared with 5.7 billion dollars, or 1.01 dollars per share, for second quarter 2014. Its shares edged up 0.3 percent in early trading.

Overseas, a historic agreement has been reached over the Iranian nuclear issue between Iran and six world major countries, a diplomatic source confirmed on Tuesday.

The comprehensive agreement was clinched between Iran and the P5 Plus One group -- Britain, China, France, Russia and the United States plus Germany -- after more than two weeks of bargain in the capital city of Austria.

U.S. stocks continued to rally Monday, with the three major indices on a three-day winning streak, as market sentiment was boosted by the Greek debt deal.

Shortly after the opening bell, the Dow Jones Industrial Average fell 12.76 points, or 0.07 percent, to 17,964.92. The S&P 500 edged up 0.46 point, or 0.02 percent, to 2,100.06. The Nasdaq Composite Index added 8.92 points, or 0.18 percent, to 5,080.43. Endi