S&P 500 closes flat Monday as traders brace for big earnings, Fed decision later this week; European markets close mixed in a big week for earnings and monetary policy; Philips down 7% 
U.S. equities wavered Monday, as traders braced for the busiest week of corporate earnings, as well as a likely rate hike from the Federal Reserve. 
The S&P 500 added 0.1%, closing at 3,966.84. The Dow Jones Industrial Average climbed 90.75 points, or 0.3%, to 31,990.04. The tech-heavy Nasdaq Composite lagged, sliding 0.4% to 11,782.67. All of the major averages are on track for their best month of the year. 
Tech stocks fell Monday on the heels of a warning by Snap, which reported disappointing earnings last week causing investors to worry about declining digital ad spending in the current economic climate. Meta Platforms dropped 1.5%, and Amazon slipped by 1.1%. Apple, Microsoft and Alphabet ended slightly lower. 
Elsewhere, shares of Newmont Corporation slid 13.2% after the mining company reported a quarterly loss that was down nearly 41% from a year ago, hurt by a drop in gold prices. Philips tumbled 7.2% after the Dutch medical equipment maker reported weaker-than-expected quarterly earnings, citing lockdowns in China and supply chain issues. 
On the flip side, energy stocks were the best performing sector as oil prices rose. Marathon Oil and APA Corp each jumped about more than 6%. Diamondback Energy, Occidental Petroleum, Devon Energy and Valero gained about 5% each. Chevron was the top gainer in the Dow, up nearly 3%. 

The pan-European Stoxx 600 closed up by just 0.09%, having initially dropped more than 0.4% in early trade. Banks jumped 1.7% while travel and leisure stocks fell 1%. 
At the top of the Stoxx 600, French car parts supplier Faurecia climbed more than 2% after a strong set of first-half results. 
Source: CNBC, Investing.com