Stock Ended Lower amid Mixed Earnings

U.S. stocks closed lower on Monday as the S&P 500 snapped a three-day winning streak after mixed earnings. The Dow Jones Industrial Average fell 19.04 points, or 0.09%%, to 20,052.42. The S&P 500 shed 4.86 points, or 0.21%, to 2,292.56. The Nasdaq Composite slipped 3.21 points, or 0.06%, to 5,663.55.

Oil fell on Monday as ample U.S. supplies and excess speculative length outweighed OPEC output curbs and rising tensions between the United States and Iran. Brent futures fell $1.09, or 1.9 percent, to settle at $55.72 a barrel, while U.S. West Texas Intermediate crude lost 82 cents, or 1.5 percent, to close at $53.01.

Tyson Foods TSN reported stronger-than-expected first-quarter earnings and sales and raised its annual outlook, citing strong beef and pork sales. The company reported net income of $593 million, or $1.59 a share, compared with $461 million, or $1.15, in the year-earlier period. Revenue for the three-month period increased to $9.18 billion compared with $9.15 billion in the year-earlier period.

Hasbro Inc.’s revenue was helped in the fourth quarter by surging sales of products in its girls category. It earned $192.7 million, or $1.52 a share, compared with $175.8 million, or $1.39 a share, a year-earlier. Revenue rose 11% to $1.63 billion.

Toyota Motor Corp. reported a sharp decline in net profit for its fiscal third quarter, as the relatively strong yen continued to weigh on earnings. The company said its net profit fell to 486.5 billion yen ($4.3 billion) from Yen627.97 billion a year earlier. Revenue fell to Yen7 trillion from Yen7.34 trillion a year earlier.