Stocks are in the red across the board amid cautious investor sentiment, especially within the tech sector.

Liz Ann Sonders shares her perspective on the U.S. stock market and economy in this monthly Market Snapshot video.

Tech weakness weighed on indexes so far this week, but there's strength below the surface. Investors await Amazon later while mulling Alphabet's results, and job openings are due.

An early rally failed as Alphabet's heavy spending plans hit its shares while Qualcomm's forecast hurt chips. January layoffs surged, sending yields lower, but volatility spiked.

Bitcoin has been looking for support as the February futures marked a new 52-week low of 73,085 this past Tuesday, after coming off the high of 127,240 on October 6th.

Investors will be closely watching ADP's private payrolls report today with government figures delayed due to the shutdown. Alphabet earnings on deck after the bell.

Earnings results are shaping up to be quite solid this season, albeit a bit weaker relative to prior quarters when it comes to beat rates and price reactions.

Though the government shutdown means no jobs data this week, there are lots of earnings to monitor. Palantir impressed Monday and Advanced Micro Devices looms after the close.

A partial government shutdown was expected to be resolved quickly, and the president has nominated Kevin Warsh as Fed chair.