Stocks started the day strong but have since dipped, with the S&P 500 turning negative. Nasdaq is up 0.2%, S&P 500 down less than 0.1%, and Dow down 0.4%. Major tech companies like Microsoft, Meta Platforms, Apple, and Amazon are set to report earnings this week. Traders are cautious ahead of the Federal Reserve’s meeting, looking for hints of a possible rate cut in September. Energy stocks are down due to a drop in crude oil prices, while airline stocks are also struggling. Asian markets rose, European markets are mixed, and treasuries have slightly increased.
Read more at Nasdaq MarketSite: U.S. Stocks Give Back Ground After Early Move To The Upside
