Stock market muted as shortened holiday week kicks off

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Markets tipped lower today ahead of a holiday-shortened session with little corporate news or economic data expected until later in the week, the Associated Press reports.

Futures for the Dow Jones Industrial Average fell 0.2%, and the S&P 500 inched 0.1% lower.

U.S. trading will close by 1 p.m. Eastern today, and markets are closed for the Independence Day holiday. The bond market will close at 2 p.m. and will remain closed Tuesday.

Tesla shares jumped more than 6% before the opening bell after the electric car maker reported over the weekend that second-quarter deliveries rose 83% from a year ago. Sales spiked after the company cut prices, and buyers took advantage of U.S. government tax credits.

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In energy trading, benchmark U.S. crude picked up 77 cents to $71.41 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, advanced 70 cents to $76.11 a barrel.

In currency trading, the U.S. dollar rose to 144.83 Japanese yen from 144.30 yen. The euro cost $1.0902, down from $1.0924.

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