Stocks sank Monday, following global equities lower and setting the three major indices up to extend last week’s sharp declines. The early moves lower came as concerns over stagnating coronavirus case improvement stoked fears of more lockdowns, and as political uncertainty nudged investors away from risk assets.
Microsoft is acquiring some popular game franchises, and investors are betting on Walmart as COVID-19 fears mount.
Stocks declined slightly last week, with the Dow Jones Industrial Average (DJINDICES: ^DJI) shedding less than 0.1% and the S&P 500 (SNPINDEX: ^GSPC) losing 0.64%. Earnings season is speeding up over the next few trading days, with highly anticipated reports on the way from Nike (NYSE: NKE), Stitch Fix (NASDAQ: SFIX), and General Mills (NYSE: GIS). Investors are optimistic about Nike's upcoming earnings report on Tuesday afternoon.