- U.S. markets finished in the red on Monday, with the S&P 500 slipping 0.2% and the Dow Jones Industrial Average declining 0.6% ahead of quarterly results from several tech giants.
- AMC Entertainment shares surged over 25% following the company's report of its highest quarterly revenue in its 106-year history.
- Market participants are shifting focus toward Tuesday's earnings calendar, which includes major reports from 3M, Novartis, and Chubb Limited.
Quotes
“U.S. stocks finished in the red on Monday as investors positioned themselves ahead of a busy week of earnings from several mega-cap technology companies.”
“Investors will be watching for updates on sales growth across the pharmaceutical giant's key drug portfolio, progress from its pipeline of new treatments, and management's outlook for the remainder of the year.”