The second-quarter continues this week, with companies such as IBM ($IBM), Netflix ($NFLX), Intel ($INTC), Johnson & Johnson ($JNJ) and Twitter ($TWTR) reporting their results.
Other key data to follow include: US building permits and housing starts.
Here is what you need to know to start your week.
S&P500 (US Market)
The benchmark index $SPX corrected -0.99% (-43.2 points) to close at 4,328 level during the week, and perceived safe haven assets, including the yen and gold , edged higher amid fears of rising and a surge in coronavirus cases, while oil prices fell on oversupply worries.
The initial break out of $SPX trend channel resistance is met with rejection for its 3rd time as cautioned in the previous week. The channel support is currently priced at 4,240 level, -2% away from existing level.
The immediate support to watch for $SPX this week is at 4,285 level; an immediate break of established this month.