This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeahead of a busy week for Big Tech earnings with investors also awaiting the U.S. central bank's policy announcement on Wednesday. The S&P 500 closed 0.08% higher while the Nasdaq Composite gained 0.07%. Thenet income fell to $2.02 billion from $2.
Companies that missed second-quarter earnings estimates suffered an average decline of 3.8% in their stock price during the five-day period that started two days before the results were released. This compares with the five-year average price drop of 2.3% during this same window for firms that disappointed Wall Street.