U.S. stocks fell in volatile trading on Monday as investors prepared for a busy week of earnings featuring reports from the largest tech companies.
The Dow Jones Industrials slumped 209.94 points to 30,787.04
The S&P 500 stumbled 11.43 points to 3,830.04.
The NASDAQ saw its initial gains of the morning evaporate and lost 5.42 points from Friday’s all-time high to 13,537.64.
This coming week 13 Dow components and 111 S&P 500 companies are set to report earnings. Among the quarterly reports on deck include those from Apple, Microsoft, Netflix, Tesla, McDonald’s, Honeywell, Caterpillar and Boeing.
Apple shares gained 1.8% to about $140 a share before its quarterly report Wednesday after the bell. Tesla, which also reports Wednesday, was up 2.2%.
Highly speculative action in stocks like GameStop was unnerving some investors, causing worry that parts of the market had detached from fundamentals and could cause the broader market to take … Read the rest