U.S. equities were lower on Monday as investors awaited critical economic data and another batch of earnings reports following a volatile week that ended with the Dow Jones Industrial Average reaching a key milestone.

The 30-stock Dow shed 128 points, or 0.2%. The S&P 500 traded down 0.2%, while the Nasdaq Composite lost 0.4%.

STMicro up 8%; Novo Nordisk up 4%; Kyndryl Plunged 54%; Monday.com down 24%; Hims Tumbled 22%

Shares of Oracle were up 4% after receiving an upgrade to buy from neutral at D.A. Davidson on optimism around OpenAI and its beneficiaries. However, other chip stocks were under pressure.

The developments come after the major averages bounced back Friday following sizable losses suffered earlier in the week. The rout was sparked by a sell-off in the tech sector, led by software stocks. Bitcoin also plunged before recovering some as investors took a risk-off posture.

In the prior session, the blue-chip Dow surged 1,200 points, or about 2.5%, to score its first close above 50,000 after hitting that level for the first time earlier in intraday trading. The S&P 500 rose about 2% and the Nasdaq Composite finished more than 2% higher.

Bitcoin broke back above $70,000 on Friday after sinking below $61,000 Thursday night, while software stocks such as Salesforce finished higher. Overall, the iShares Expanded Tech-Software Sector ETF (IGV) jumped 3.5%, marking the fund’s first day of gains since the end of last month, when it entered bear market territory.

“After an eight-day losing streak, buyers finally stepped back into the software space on Friday, underpinning a much-needed relief rally as the tech sector approached key support near the November lows,” said Adam Turnquist, chief technical strategist at LPL Financial. “While this marked a step in the right direction, the broader tech complex remains rangebound until it can decisively break above the December highs.”

“For the broader market to make sustainable progress, renewed tech participation will likely be essential,” he also said, adding that he anticipates the S&P 500 will have some trouble reaching 7,000 without more participation from tech, especially software.

The economic docket is light Monday, though several Federal Reserve officials, including Governors Christopher Waller and Stephen Miran, will speak later in the day.

On Wednesday, investors will be watching for the delayed January jobs report from the Bureau of Labor Statistics. The release was initially scheduled for last Friday but was postponed due to the partial government shutdown. It also comes after ADP reported last week that private payrolls increased by a mere 22,000 in January, well below expectations. Economists polled by Dow Jones anticipate the closely watched jobs report will show a gain of 55,000 in January.

The January consumer price index reading — which was also delayed by the shutdown — is due out Friday, with the consensus looking for a 2.5% annual rate.

The market’s recent rotation out of tech could play out again this week, if the week’s earnings releases are favorable. Coca-Cola and Ford Motor are both slated to report on Tuesday.