US stocks dipped to start the week as investors considered another set of earnings reports from major companies and looked ahead to a slate of key central bank meetings.

Stocks were in the green for much of Monday’s session before turning downward in the afternoon. The s&p 500 fell 32.31 points or 0.8% to 3,830.85. The broad index on Friday ended higher snapping a five-day losing streak the blue-chip Dow Jones industrial average lost 215.65 points or 0.7% to finish at 31,072.61.

The NASDAQ Composite Index shed 92.37 or 0.8% to 11,360.05. The technology-heavy index closed lower after rising at least 1% intraday for the 13th time this year, which happened only twice in 2021. Big financial firms kicked off a bumper week of earnings reports Monday, Goldman Sachs gained $7.39 or 2.5% to $301.26 after reporting better than expected earnings, Synchrony Financial reported earnings per share that failed over a year but we’re better than analysts expected and gained nine cents or 0.3% to $31.48.

Bank of America finished up one cent or less than 1% after it said second-quarter profits declined 32% Charles Schwab, which reported second-quarter profits rose by 42% lost 94 cents or 1.5% to $61.24.