Investors sold U.S. equities ahead of key tech earnings this week, dragging the S&P 500 down 0.2% while chip stocks recovered modestly.
U.S. stocks declined on Monday as traders positioned for quarterly reports from major technology firms later this week. The S&P 500 fell 0.2%, while the Nasdaq Composite also slipped, pressured by profit-taking in big-cap tech names.
Semiconductor shares, which had underperformed in recent sessions, staged a minor rebound. The sector’s recovery provided limited support to broader markets, though overall sentiment remained cautious ahead of earnings from industry leaders.
No immediate market reaction was reported beyond the modest intraday moves.