By Liz Moyer

Investing.com — U.S. stocks fell on Monday, ahead of big tech company earnings this week. Also amid concerns about global economic slowdown due to Covid-19 cases continuing to surface in China.

The index was at 10:27 am ET and was 0.8% lower than the 0.8% drop, but was still up 0.5%.

China reports dozens more cases of Covid-19, prompting concerns about another round of lockdowns.

Technology stocks are also on everybody’s minds. Reports from Apple Inc (NASDAQ :), Amazon.com Inc. (NASDAQ :), and Microsoft Corporation are this week’s earnings. Twitter Inc Alphabet, (NASDAQ) Inc Class C (NASDAQ) and (NYSE:) Alphabet Inc (NASDAQ) are the parents of Google. Twitter shares rose by nearly 4 percent Monday, following news that Twitter Inc (NASDAQ:CEO Elon Muss) was about to accept a $43B buyout offer.

Elsewhere, Coca-Cola Co The shares of (NYSE:) rose 0.1% after the company reported better results than anticipated. Activision Blizzard Inc shares (NASDAQ:), fell 0.8% following a lower demand for the “Call of Duty” game that led to disappointing sales.

Energy sector also suffered from economic worries. Price of oil dropped 5.4% to $96/barrel, and price of crude (the international benchmark) fell 5.3% to close to $100/barrel. Also, the price of an ounce fell 1.9% to $1896

Stocks begin the week hoping to recover from Friday’s Dow 900 point plunge, the worst day of the year. Since the beginning of January, the Dow is down 8%, while the S&P is down 11% and the Nasdaq is down 18%.