Wall Street Flat Ahead of Tech Earnings and Economic Data

U.S. stocks showed minimal movement Monday as investors awaited a flurry of earnings reports from major tech companies and key economic indicators. The S&P 500 and Nasdaq Composite hovered NEAR breakeven, while the Dow Jones Industrial Advanced edged up 0.28%.

Tech giants Amazon, Apple, Meta Platforms, and Microsoft experienced brief dips during the session before mixed recoveries. Apple and Meta rebounded 1% and 0.8% respectively, while Microsoft gained 0.2%. Amazon remained in negative territory, down 0.3%.

Earnings season has delivered moderate surprises thus far, with 73% of companies exceeding analyst estimates—slightly below the five-year average of 77%. market participants are tempering expectations for Q2 and full-year performance as macroeconomic uncertainties persist.