S&P, Dow Lower as Johnson & Johnson Drags<br />(Reuters) - The S&P 500 and the Dow Jones Industrial Average were pulled lower by losses in Johnson & Johnson in late morning<br />trading on Monday, while the Nasdaq was little changed ahead of Google parent Alphabet’s earnings report later in the day.<br />"For now, better earnings is giving the market the ability to navigate some of the uncertainty<br />that is coming out of Washington but going into next year, the market is likely to become more concerned if policies do not finally come through," added Miskin.<br />Matt Miskin said that This week is going to be critical to see the passing of the baton<br />from the Fed being the primary driver of the market to corporate fundamentals,<br />ET, (1503 GMT), the Dow Jones Industrial Average was down 68.05 points, or 0.32 percent,<br />at 21,512.02, the S&P 500 was down 5.43 points, or 0.21 percent, at 2,467.11.<br />Analysts have raised their expectations for S&P 500 earnings to 8.8 percent, compared with an<br />8 percent rise projected at the start of the month, according to Thomson Reuters I/B/E/S.<br />The market will also keep an eye on political developments in Washington, with rising doubts about President<br />Donald Trump’s ability to legislate his pro-growth policies after the failure of the healthcare bill.