Stocks ended Monday's choppy session mixed, with the broader market declining while the Dow Jones Industrial Average reached a new record closing high. Wall Street was pressured throughout the day after several big stocks like ViacomCBS (VIAC  0.00%) and Discovery (DISCA  0.00%) were linked to the forced liquidation of positions held by Archegos Capital Management, which reports said totaled more than $20 million.

Meanwhile, investors rejoiced that the massive container ship stuck in the Suez Canal was finally dislodged after blocking the water way for nearly a week, harming the global economy by halting one of the world's most important shipping lanes. However, shipments are still expected to be delayed due to many ship re-routing along the coast of Africa. The true impact of the blocked canal has yet to be fully realized.

Here's how the market settled to start the week:

S&P 500 Index (SPY  0.00%): -0.09% or -3.44 points to 3,971.10

Dow Jones Industrial Average (DIA  0.08%): +0.30% or +98.49 points to 33,171.37

Nasdaq Composite Index (QQQ  0.00%): -0.60% or -79.08 points to 13,059.65

For Stocks, Credit Suisse (CS  0.00%) and Nomura (NMR  0.00%) warned investors that their first quarter earnings may be affected by the liquidation of stock positions by Archegos, while other financial stocks like Morgan Stanley (MS  0.00%) and JPMorgan Chase (JPM  0.00%) fell lower as government bond yields increased.

For Sector Performance, sectors ended the volatile session on Monday mixed, with Utilities (XLU  0.00%), Consumer Staples (XLP  0.00%) and Communication Services (XLC  0.00%) leading gains, while Financials (XLF  0.00%) and Energy (XLE  0.00%) led losses.

For Commodities and Currency, the U.S. Dollar (UUP  0.00%) rose on Monday as investors turned to the safe-haven following the hedge fund's default. The dollar index, which tracks the greenback against six other currencies, settled up at 92.825 after reaching session highs of 92.919. Gold (GLD  0.00%) prices slipped on the strengthening dollar and optimism towards a faster U.S. economic recovery. Spot gold declined 1.1% to $1,713.52 per ounce, while U.S. gold futures settled 1.2% lower at $1,711.60 per ounce. Crude oil futures rose over 1% on Monday following a choppy trading day, having fallen earlier in the session after the container ship in the Suez Canal was refloated. International benchmark Brent Crude (BNO  0.00%) rose to $64.98 per barrel, while domestic index West Texas Intermediate (USO  0.00%) increasing to $61.56 each.

For Tuesday, market participants will react to the fallout from Archegos Capital default and look ahead to the March jobs report this Friday.