U.S. Stock futures fell on Monday after the major averages had a huge reversal.

Dow Jones Industrial Average futures dropped 40 points (or 0.1%) S&P 500 and Nasdaq 100 futures dipped 0.1% and 0.2%, respectively.

The major averages had a volatile session earlier in the morning, with the Nasdaq Composite climbing 1.63% in an end-of-day rebound despite having fallen as high as 1.07% earlier that day. The S&P 500 rose 0.57% after hitting a new 2022 low earlier in the session.

The Dow Jones Industrial Average gained 84%, or 0.26%, during this time. The Dow dropped more than 400 point at session’s lowest.

These moves are due to a tough April stock market month. April was the worst month since March 2020 for the Dow and S&P 500. The Nasdaq suffered its worst month since 2008.

A benchmark 10-year Treasury yield also reached a new level on Monday. The bond yield hit 3.01% during the sessionIt is at its highest point since December 2018

Tim Lesko, senior wealth advisor and director at Mariner Wealth Advisors said Monday, “Closing Bell” on CNBC. I think we are seeing that, over the long-term, there is a high stock allocation, and people are beginning to rebalance, which means there is more competition in the stock market.

Wall Street anticipates that interest rates will rise by 50 basis points during the Federal Reserve meeting next week. Some investors think that markets are priced in expectations of central bank aggressive monetary tightening.

Eric Johnston, Cantor Fitzgerald head of equity derivatives, stated Monday, “With financial conditions tightening so they are,” on CNBC’s closing bell.

A statement will be issued by the Federal Open Market Committee at 2:05 p.m. ET Wednesday. At 2:30 pm, Fed Chair Jerome Powell will hold a press conference.

Several consumer-oriented businesses are reporting earnings for this week. Avis Budget’s shares rose by more than 6% in extended trading, after it exceeded earnings expectations for both the top- and bottom lines. Investors rented cars from Avis Budget because of the rising demand for travel, despite paying higher prices.

Chegg shares plunged by nearly 30% after extended trading, as the company’s guidance was weak for the whole year. However, earnings were higher than expected.

Restaurant Brands International, Pfizer Paramount GlobalThey will report their earnings on Tuesday before the bell. Airbnb, AMD, Lyft StarbucksEarnings are expected to be announced after the bell that same day.

Traders also will be watching for the Job Openings and Labor Turnover data (JOLTS), which is scheduled at 10:00 a.m. ET on Tuesday. Also, Tuesday will see a report about April’s auto sales.