Stocks were flat Monday, as traders pored over the latest batch of corporate earnings results, looking for clues on the health of corporate America.
The Dow Jones Industrials took on 41.25 points to start out the week at 33,927.72
The S&P 500 inched up 2.02 points Monday to 4,139.66.
The NASDAQ dipped 6.09 points to 12,117.37.
Earnings season continued with results from State Street, M&T Bank and Charles Schwab. Schwab shares, which have been under pressure recently as traders feared the brokerage may suffer a similar fate to regional banks Silicon Valley Bank and Signature Bank, fell 1.8%.
Despite broader banking concerns, the company's defended its financial position, noting last month it has a low loan-to-deposit ratio.
Investors have been eyeing the overall health of the financial sector after the collapse of Silicon Valley Bank last month spurred a liquidity crisis.
Corporate earnings got off to a positive start last week as banking giants Wells Fargo and JPMorgan Chase beat expectations, seeming to suggest that larger banks are faring better than expected despite mounting recession fears. But discouraging retail sales data showed a slowdown in consumer spending by 1% in March pulled markets lower Friday.
Prices for the 10-year Treasury docked some of their strength, raising yields to 3.58% from Friday's 3.51%. Treasury prices and yields move in opposite directions.
Oil prices sank 58 cents to $81.94 U.S. a barrel.
Gold prices backtracked $9.50 to $2,006.30 U.S. an ounce.