Earnings anticipation causes stock market fluctuations.
TL;DR Summary
US stocks were mostly flat at Monday's market open ahead of another round of critical earnings. Bond yields were up, while gold futures held on to key levels above $2,000 per ounce. Earnings season will pick up steam, with another host of bank earnings on deck this week. Meanwhile, investor favorites Netflix, Lockheed Martin, Johnson & Johnson, and Tesla are expected to post quarterly earnings. Housing data will take center stage with NAHB Housing Index data, housing starts, existing home sales, and mortgage rate and application data all expected to be updated this week, offering a picture of the housing market amid a slightly softening rate environment.
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