Stocks are pulling back modestly to start the week as investors position ahead of a heavy influx of earnings reports, including most Mag 7 companies, and several central bank policy meetings.

A busy week of data and earnings is ahead, including five of the Magnificent 7 and three central bank meetings, including the Fed. Indexes hit record highs Friday on chip strength.

Stocks fell as crude rose amid little progress reopening the strait. About one-third of S&P 500 firms report this week and three central banks meet, with chips on a historic tear.

Crude Oil futures (/CL) gave back early session gains and closed lower on Friday.

Liz Ann Sonders and Collin Martin break down investor concerns around war, inflation, deficits, and the Federal Reserve.

Though high oil prices and war uncertainty remain, Wall Street continues trading near record highs on generally strong earnings. Intel and American Express report today.

With President Trump extending the ceasefire and no talks with Iran scheduled, Wall Street might play defense and oil prices could set the pace. Tesla and ServiceNow report later.

Higher oil prices have both positive and negative effects on the municipal bond market. Investors may want to evaluate their concentration risk.

As earnings season begins, Liz Ann Sonders and Collin Martin assess what corporate profits signal for both stocks and bonds. They also cover how geopolitics, tariffs, inflation, and a "Fed on hold" backdrop are shaping the outlook for markets.