Dow Jones Industrial Average rises 10 points

The Dow climbed 10.50 points, or 0.04%, to 26,085.80. The S&P 500 slid 0.94% to 3,155.22. The Nasdaq Compositefell 2.13% to 10,390.84. Stocks reversed course as a rally in major tech names which briefly pushedthe S&P 500 into positive territory for the year fizzled out.

Shares of Microsoft ended the day down 3.09% while Facebook, Netflix Alphabetand Apple also closed lower.Big Tech started rolling over after the S&P 500 briefly turned positive for 2020. "No sentient human could look at some of the super-cap tech stocks and say the latest move wasn't anything other than a momentum-driven melt-up rally," says one trader. Wall Street also lost its footing after California Gov. Gavin Newsom ordered indoor operations for fitness centers, malls and places of worship, among others, to shut down amid rising Covid cases.

Pfizer and German biotech BioNTechSEwere granted fast track designation by the FDA for two of the companies' four vaccine candidates against the coronavirus. Pfizer and BioNTech said they expect to start the next phase of the vaccine trial later this month with 30,000 subjects.

JPMorgan Chase and Citigroup are among the companies set to report earnings on Tuesday.

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Here's what happened to the stock market on Monday - CNBC