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Stock market today: Nasdaq leads stocks lower in wait for earnings to rush in, 10-yr yield climbs to July high

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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 shed 0.1%. The 10-year treasury yield climbed to the highest level since the end of July.

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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