Market Snapshot: Stock market under pressure as second-quarter earnings season gets under way

  • Citi shares retreat on costs concerns, even as earnings beat expectations
  • China GDP slows to 27-year low, but retail sales, industrial production data beat expectations
  • Anheuser calls off $10 billion Asian IPO

U.S. stocks edged mostly lower Monday, after record finishes last week, as investors digest second-quarter earnings from Citigroup — marking the unofficial start of earnings season on Wall Street.

How are the major benchmarks performing?

The Dow Jones Industrial Average DJIA, +0.03% fell 23 points, or 0.1%, to 27,303, the S&P 500 index SPX, -0.02% ticked 3 points lower to 3,011, a decline of 0.1%. The Nasdaq Composite Index COMP, +0.16% rose 3 points to reach 8,247.

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