Stocks Slide Further as Big Tech Earnings Loom and Yields Remain High

The stock market correction deepened on Monday, with the Dow, S&P 500, and Nasdaq all closing lower.

Big tech companies like Amazon, Alphabet, Meta, and Microsoft report earnings this week, which could impact market direction.

Watch for stocks holding up better than the broader market during the correction. Stocks like Lululemon, Arista Networks, Meta Platforms, and Salesforce are setting up potential buying opportunities.

The 10-year Treasury yield pulled back from recent highs but remains elevated at 4.83%. Oil prices also fell, closing just under $86 per barrel.

Upcoming economic data like Q3 GDP and inflation readings could drive more market volatility later this week.