Stocks close flat to start the week ahead of big retail earnings; European stocks close slightly higher; Philips down 10% 
U.S. equities were flat on Monday, as U.S. Treasury yields reversed and climbed higher, and investors awaited quarterly reports from big retailers later in the week. 
The Dow Jones Industrial Average fell 12.86 points, or 0.04%, to 36,087.98. The S&P 500 was unchanged, ending the session at 4,682.80. The tech-heavy Nasdaq lost 0.04%, falling to 15,853.85 as Treasury yields rose. 
Tech darling Nvidia also lost 1.2% as investors pulled back their positions ahead of the company’s quarterly results this week. Some have said the chipmaker is overextended on a relative strength basis, and last week Wedbush Securities downgraded the stock to neutral from outperform. 
Shares of Dollar Tree jumped 14.2% following a report Friday that activist investor Mantle Ridge has taken a stake worth at least $1.8 billion in the discount store chain and will push it to do more to add to shareholder value. 
Boeing rose nearly 5.5% following news that Saudi Arabian Airlines is in talks with Airbus and Boeing for a wide-body jet order. At the same time, Emirates announced an order for two Boeing 777 Freighters at the 2021 Dubai Airshow. 

The pan-European Stoxx 600 provisionally closed up by around 0.3%, with retail and utilities stocks climbing 0.8% while the basic resources sector sank 1.2%. 
Philips dropped 10.5% after the Dutch medical equipment maker said on Sunday that it is speaking to U.S. regulators following a recent inspection at one of its facilities. 
Source: CNBC, Investing.com