The S&P 500 moved lower Monday ahead of earnings reports of multiple gains.

The Children’s Place, Inc.PLCE

Plunged 4% on Monday after the company released updated preliminary Q4 net sales results of about $454 million to $456 million, down from its previous guidance of $460 million at the low end. Traders are also awaiting Federal Reserve Chairman Jerome Powell’s speech on Tuesday. Most sectors of the S&P 500 ended negatively, with information technology and communications services stocks posting the biggest drop on Monday. However, utility stocks bucked the broader market trend, gaining 0.9% during the session. The Nasdaq 100 fell 0.87% to close at 12,464.52 on Monday amid losses

Amazon.com, Inc.AMZN

And

apple incAAPL

. The S&P 500 lost 0.61% while the Dow Jones fell 0.10% to 33,891.02 in the previous session. The Chicago Board Options Exchange’s CBOE Volatility Index (VIX) rose 6% to 19.43 points on Monday. What is the CBOE Volatility Index? The CBOE Volatility Index, popularly known as the VIX, is a measure of stock market volatility expectations based on call and put options of the S&P 500 index. Continue reading:

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