Market Snapshot: Stocks brace for volatility in earnings deluge; Fed meeting looms

With nearly a fifth of quarterly earnings results out, investors are divided on how early corporate reports are serving as an indicator of the overall health of the U.S. economy, and that could contribute to a volatile week as stocks linger near record highs.

On Friday, stocks finished lower with the Dow Jones Industrial Average DJIA, -0.15% declining 0.3% for the week, and the S&P 500 index SPX, -0.04% and the Nasdaq Composite Index COMP, -0.04% posting weekly gains of 0.5% and 1.2%, respectively.

Earnings so far are confirming less-than-stellar economic data recently, said Paul Nolte, portfolio manager at Kingsview Asset Management.

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