Wall Street slips midday; Dow Jones down 0.49%, S&P 500 down 0.18%

The VIX, Wall Street’s volatility index, rose 0.93% to 15.17, reflecting slightly increased caution among investors.

US equities edged lower in midday trading as the Dow Jones Industrial Average declined 217.97 points, or 0.49%, to 44,619.59. The S&P 500 slipped 11.26 points (–0.18%) to 6,378.51, while the NASDAQ Composite lost 29.04 points, or 0.14%, to 21,149.55. Investors weighed mixed corporate earnings and looked ahead to key macro data later this week including announcements from the Fed on Wednesday.

In commodities, gold edged up 0.28% to $3,319.20, while oil prices rallied 1.53% to $67.73, as supply risks dominated trader sentiment.

In fixed income, the U.S. 10-year Treasury yield fell by 5.4 basis points to 4.366%, indicating a move toward safer assets. In forex, the euro slipped 0.44% to 1.154 against the U.S. dollar.

The VIX, Wall Street’s volatility index, rose 0.93% to 15.17, reflecting slightly increased caution among investors.

Market Movers

Corning led gainers in the S&P with a 12.46% surge, boosted by strong quarterly guidance. Cadence Design  rose 9.17%, and CBRE Group gained 8.93% on upbeat earnings.

On the other hand, Carrier dropped 11.03%, leading the decliners after disappointing results. Brown & Brown  and PayPal slid over 9%, while UPS, VeriSign, and Stanley Black & Decker all posted sharp losses.

European Markets Close Higher

European stocks ended the day with modest gains. The FTSE 100 rose 54.88 points (0.6%) to 9,136.32, supported by strength in consumer and energy shares. The CAC 40 in Paris added 56.48 points (0.72%) to settle at 7,857.36. The region-wide STOXX 600 index climbed 1.24 points, or 0.23%, to close at 550.