Stocks declined for recent record on Monday as megacap technology stock weakness and a weekend flash-crash in the cryptocurrency market kept traders uneasy at the start of the week. Market participants did not have much direction outside of corporate quarterly earnings, which continued last week's positive momentum with Dow-component Coca-Cola's (KO  ) earnings beat.

Over the weekend, Bitcoin was down nearly 20% for its all-time high of $64.841 before stabilizing. The digital currency was last at $55,866 on Monday.

Here's how the market settled to start the week:

S&P 500 Index (SPY  ): -0.53% or -22.14 points to 4,163.33

Dow Jones Industrial Average (DIA  ): -0.35% or -121.26 points to 34,079.41

Nasdaq Composite Index (QQQ  ): -0.98% or -137.58 points to 13,914.77

For Stocks, Peloton Interactive (PTON  ) shares plunged after the U.S. Consumer Product Safety Commission issued a warning about the fitness company's Tread+ product, stating that it can be dangerous around children and pets. GameStop (GME  ) shares rallied after the video game retailer announced that CEO George Sherman will step down by July 31, aiding the company on its transition into a more ecommerce-based business model.

For Sector Performance, every sector expect Real Estate (XLRE  ) sank into negative territory, with Information Technology (XLK  ) and Consumer Discretionary (XLY  ) leading losses.

For Commodities and Currency, the U.S. Dollar (UUP  ) slipped against major peers on Monday as U.S. Treasury yields remained near their lowest levels in five weeks and the Federal Reserve signaled that inflation spikes are expected to be temporary. The dollar index, which tracks the greenback against six other currencies, declined to 91.079 in afternoon trade. Gold (GLD  ) prices declined despite the weaker dollar as U.S. Treasury yields made slight gains. Spot gold was 0.3% lower at $1,770.97 per ounce, while U.S. gold futures settled down 0.5% at $1,770.60 per ounce. Crude oil prices gained on Monday on the weaker dollar, but global pandemic demand concerns kept gains in check. International benchmark Brent Crude (BNO  ) rose 0.42% higher at $67.05 per barrel, while domestic index West Texas Intermediate (USO  ) increased by 0.4% to settle at $63.38 each.

For Tuesday, traders will turn their attention to corporate quarter earnings from companies like Johnson & Johnson (JNJ  ), Procter & Gamble (PG  ) and Netflix (NFLX  ). No economic data is scheduled for release until Thursday.