Stocks were down on Monday, following a bounce-back week for a market that’s seen continued volatility since the outset of 2015.
On Friday, the Dow closed above 18,000 while the S&P 500 is back within 1% of its all-time high. Many insiders expect the volatility to return this week, when 1st-quarter earnings reports will be the focus. For the first time in six years, earnings are in a decline with a -2.9% drop expected this quarter.
The strength of the dollar continues to be a hot button issue on the market as well. The U.S. currency gained almost 2% against a collection of world currencies last week, and could test even higher levels for the remainder of April.
Retail sales, industrial production and consumer confidence will be among the key data points this week.
Here are the final numbers from Monday on Wall Street:
Dow Jones Industrial Average: 17,977.04 (-80.61)
NASDAQ: 4,988.25 (-7.73)
S&P 500: 2,092.43 (-9.63)
