The Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 posted fell on Monday.

  • The Dow Jones Industrial Average gained 123.04 points or 0.40 percent, to close at 34,077.63.
  • The S&P 500 fell 0.50 percent to close at 4,163.26.
  • The Nasdaq Composite fell 1.00 percent to close at 13,914.77.

Stocks fell from record highs as COVID cases rise globally and cryptocurrency prices sold off.

“Whenever a headline grabbing asset sees a big decline at a time when the broad market stands at an expensive level, it usually has a negative impact on the stock market even if it’s only short-lived,” said Matt Maley, chief market strategist at Miller Tabak.

On Tuesday keep an eye out for:

  • ECB Bank Lending Survey
  • New Zealand Consumer Price Index (YoY)
  • Johnson & Johnson, Procter & Gamble Co., Bank of America Corp., Adobe Inc., Netflix Inc., Coca-Cola Inc., Boeing and others are reporting earnings.