U.S. stocks hold near flat levels after inventory data

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Dow edges higher, tries for 7th gain in past eight sessions as earnings unfurl

U.S. stock-index benchmarks opened slightly higher Monday, with the latest corporate earnings likely to set the tone for traders, although ongoing geopolitical worries could keep gains in check. The Dow Jones Industrial Average traded up 27 points, or 0.1%, at 25,048, the S&P 500 index gained 2 points, or 0.1%, at 2,803, while the Nasdaq Composite Index advanced 0.1% at 7,836, having closed at a record on Friday. All three benchmarks are on trying for a seventh positive session in the past eight, with worries about global trade wars taking a back seat. Meanwhile, investors watched a highly anticipated meeting between President Donald Trump and Russian President Vladimir Putin, as well as a report on retail sales. In corporate news, Bank of America shares gained after the lender’s second-quarter per-share earnings and revenue came in above expectations. Meanwhile, the New York Times indicated that Goldman Sachs Group Inc. could announce that its president, David Solomon, will be named the successor to CEO Lloyd Blankfein as early as Monday.

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