US stocks have opened mostly lower as investors braced for a week of earnings reports, with Caterpillar's lowered outlook hurting sentiment.
Five minutes into trade on Monday, the Dow Jones Industrial Average was down 12.86 points, or 0.10 per cent, at 13,330.65.
The S&P 500-stock index was off 0.12 point, or 0.01 per cent, at 1,433.07.
The Nasdaq Composite rose 4.71 points, or 0.16 per cent, to 3,010.33.
"Some cautious guidance from Caterpillar is helping to keep things in check," said Patrick O'Hare at Briefing.com.
Although the world's largest heavy equipment maker posted its best third-quarter, with record profit and sales that beat forecasts, "the bad news is that it provided FY12 and FY13 guidance that is below current consensus estimates", he said.
"Thus far, the earnings reporting period, even with the financials, has left plenty to be desired," he added.
On Friday, stocks fell sharply after a spate of disappointing earnings from major heavyweights.
The Dow dropped 1.52 per cent, the S&P 500 lost 1.66 per cent and the Nasdaq gave up 2.19 per cent.
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