Later in the week, Federal Reserve Chairman Jerome Powell is scheduled to appear in front of Congress Wednesday and Thursday to provide an update on monetary policy.
In Europe, concerns over the fast-spreading delta variant of Covid-19 weighed on sentiment. France, the Netherlands, Greece and Spain all announced new restrictions on Monday in a bid to curb rising infections.
By contrast, the U.K. government confirmed Monday that it would lift all remaining restrictions in England on July 19, despite the country s infection rate remaining high.
Looking at individual stocks, Nokia shares climbed 8% by the close after the Finnish telecoms and electronics company announced plans to raise its full-year guidance.
European Markets Muted Ahead of Big Bank Earnings
nbcconnecticut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcconnecticut.com Daily Mail and Mail on Sunday newspapers.
Wall Street isn t so sure inflation will be transitory
foxbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxbusiness.com Daily Mail and Mail on Sunday newspapers.
As Americans Prepare for Higher Inflation, Food and Gas Prices May Soon Fall
gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.