The major market indexes moved in separate directions in early trading Monday. The tech-heavy Nasdaq edged 0.1% higher, while the S&P 500 and Dow Jones industrial average declined 0.1% and 0.2%, respectively.
Among the Dow industrials, Caterpillar (CAT) set the pace, rising over 1%, as shares looked to continue their rebound from the 50-day moving average. BMO Capital upgraded the heavy machinery company to outperform from market perform. Caterpillar will report its Q2 earnings early Tuesday.
On the downside, Home Depot (HD) continued its recent fall early Monday, down almost 1%. Shares tumbled last week after Amazon.com (AMZN) and Sears Holding (SHLD) teamed up to sell Kenmore appliances via Amazon.com.