U.S. stocks closed slightly lower Monday with energy leading decliners and defensive sectors among the leaders, ahead of major central bank meetings and earnings due later in the week.
The Nasdaq composite posted its first three-day losing streak since Feb. 9. ( Tweet This )
"It's still pressure on equity prices as a consequence of really mixed earnings so far. The tech (sell-off Friday is) really on investors minds," Mark Luschini, chief investment strategist at Janney Montgomery Scott, said, noting some anxiety in the market ahead of Apple's earnings.
The iPhone maker is scheduled to post quarterly results after the close Tuesday. Other earnings due in the next few days include Boeing, Facebook and Amazon.com. The Federal Reserve and Bank of Japan both meet later in the week.
"Today's a quiet before the storm. ... I think guys are clipping profits ahead of it," said Jeremy Klein, chief market strategist at FBN Securities.
"We made a run at the November highs (in the S&P last week). You weren't going to get through the first time. Earnings have been a little soft," he said.