Stocks closed mixed at the end of the choppy session on Monday as investors braced for big tech earnings later this week. The Dow Jones Industrial Average climbed over 60 points, while the S&P 500 Index ticked above a positive flatline and the Nasdaq Composite slipped 0.3%.
Here's how the market settled on Monday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
Wall Street looked ahead on Monday, preparing for a week of corporate earnings from heavyweights including Amazon
Market participants have also grown concerned that profits among U.S. companies are slipping in response to higher interest rates and changes in consumer trends in response to persistently high inflation. Still, the earnings season has been pretty solid so far, with about 76% of S&P 500 companies have reported earnings beats, according to FactSet data.
According to LPL Financial's Chief Global Strategist Quincy Krosby, the week of earnings ahead could mark the start of the "final round of the push-pull skirmish between the market and economic trends."
The week ahead also includes economic releases on consumer confidence, new homes sales and durable goods orders, with each report serving as some of the last inflation data reports ahead of the Federal Reserve's Federal Open Market Committee's policy-setting meeting next week.
In earnings news for Monday, Coca-Cola
In single-stock news, Bed Bath & Beyond
Shares of Fox Corporation
Looking ahead, investors will react to earnings from First Republic Bank