Dozens of earnings from Coach to Disney are expected Tuesday, but analysts will also be watching two trends that dragged on stocks Monday.
"Brent fell below $50, and Apple fell below its 200-day moving average. The technicals are looking just really shaky, and unfortunately that's just what's keeping us in," said Jack Ablin, BMO Private Bank CIO.
Energy stocks fell 2 percent Monday, following a more than 3.5 percent drop in West Texas Intermediate crude futures and 4.5 percent decline in Brent futures, which fell below $50 per barrel. Apple was also a negative for the market, falling 2.4 percent to $118.44, below its 200-day moving average of $120.86. Apple is now down about 12 percent from its April high.