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Actionable news in JNJ: JOHNSON & JOHNSON,

US STOCKS-Nasdaq hits record ahead of big tech earnings; Dow, S&P lag

* J&J drags on S&P, Dow as key drug faces new rival

* Hasbro, Halliburton slump after quarterly reports

* Google parent Alphabet's results due after market

* Hibbett Sports sales warning weighs on sporting goods retailers

* Dow down 0.18 pct, S&P 500 down 0.05 pct, Nasdaq up 0.25 pct (Updates to late afternoon)

July 24 (Reuters) - The S&P 500 and the Dow industrials edged lower on Monday, weighed down by losses in healthcare heavyweight Johnson & Johnson, while the Nasdaq hit a record high ahead of a big week of technology earnings reports.

The major U.S. indexes are trading around record-high levels with a huge batch of second-quarter corporate reports due this week.

Google parent Alphabet, one of the high-flying "FANG" stocks, was set to report results later in the day that could support the run for the tech sector, which has outperformed all major groups this year.

"The tech sector is the leading sector so far this year," said John Augustine, chief investment officer at...


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