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Stock market today: Nasdaq leads stocks lower with rush of earnings ahead

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Nasdaq Composite News

American Airlines

Investors are bracing for a packed week of top-tier earnings that could drive or drag on a record-setting rally.

Tech led US stocks slightly lower on Monday as investors braced for a packed week of top-tier earnings that could drive or drag on a record-setting rally. The S&P 500 dropped roughly 0.1%, coming off a fresh all-time closing high and a sixth weekly win in a row. The Dow Jones Industrial Average edged almost 0.1% lower, while the tech-heavy Nasdaq Composite also shed 0.1%. Whether records keep rolling in rides in large part on corporate results in the coming days.

The EV maker is the highlight of the week amid questions about Big Tech performance, even after Netflix's strong kickoff to the megacap season. General Motors , Coca-Cola , American Airlines , and UPS are among several other big hitters on the earnings docket this week. Boeing faces a double-whammy on Wednesday, when it's expected to release earnings at the same time workers vote on whether to accept a tentative deal agreed with the union to end a five-week strike.

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