Stocks opened higher Monday but ran out of steam as the session wore on. There are plenty of notable companies on this week's earnings calendar, including tech giant Salesforce (CRM, +2.6%). But the bulk of attention will be centered on a busy economic calendar that includes Thursday's key inflation update.
"While many traders will be watching durable goods orders and the first revision to fourth-quarter gross domestic product (GDP), Thursday's Personal Consumption and Expenditures (PCE) Price Index may get more attention than usual," says Chris Larkin, managing director of trading and investing at E*TRADE from Morgan Stanley.
