US Stocks Remains On Edge Ahead Of Flurry Of Earnings From Lockheed Martin, GM And Others: This Is Still A 'Buy The Dip' Market, Says Expert

Wall Street maintained a cautious stance amid a flurry of earnings reports this week, while markets posted gains for the sixth consecutive week.

With some important tech companies scheduled to announce their earnings this week, the Nasdaq Composite kicked off the week on a positive note even as the Dow Jones and S&P 500 opened in the red.

Nearly a fifth of S&P 500 companies are set to report their earnings this week. Cumulative earnings of S&P 500 companies are set to rise for a fifth straight quarter, FactSet said.

On Tuesday, earnings from companies like GE Aerospace (NYSE:GE), Lockheed Martin Corp. (NYSE:LMT), 3M Company (NYSE:MMM), Verizon Communications Inc. (NYSE:VZ), and General Motors (NYSE:GM) will be on investors' radar.

Futures

Performance (+/-)

Nasdaq 100

-0.65%

S&P 500

0.00%

Dow Jones

-0.48%

R2K

-0.90%

In premarket trading on Monday, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.50% to $580.71 and the Invesco QQQ ETF (NASDAQ:QQQ) declined 0.65% to $492.19, according to Benzinga Pro data.

Cues From Last Session:

Caution reigned the markets on the first day of the week, with the S&P 500 and Dow Jones both ending the day in the negative, while the Nasdaq Composite registered gains.

AI stocks led the surge, with ...