After The Bell: Stocks Mixed Ahead Of Earnings Season
(CBS) -- Stocks closed mixed Tuesday as Wall Street seeks direction ahead of third quarter earnings season. The S&P 500 lost 7, the NASDAQ shed 33 and the Dow Jones Industrial Average closed up nearly 14 points, settling to 16,790.
"Seems like the market is catching its breath with a little bit of profit taking after a very good five-day session," says Paul Nolte, portfolio manager at Kingsview Asset Management. "I also think we will see a great deal of weakness from companies that have operations and a lot of exposure to China and other emerging markets, maybe even Europe."
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