US stock markets closed in negative territory on Monday as investors adopted a wait-and-see posture ahead of a critical week for technology earnings.
The S&P 500 and Nasdaq faced headwinds from uncertainty surrounding the Federal Reserve’s next policy move, while high-profile wealth fluctuations among tech executives added to the cautious mood.
Elon Musk saw his net worth decline significantly during the session, reflecting broader pressure on growth stocks.
The sell-off underscores the market’s sensitivity to valuation risks as traders position themselves for upcoming corporate disclosures.
Without clear signals on interest rates, equity valuations remain vulnerable to shifts in sentiment.
The focus now turns to earnings reports from Alphabet, Tesla, and Intel, which are expected to provide crucial insights into the health of the technology sector.