The S&P 500 reached another record high on Monday ahead of a busy week of quarterly earnings reports from big tech stocsk. The rest of the broader market closed near a flatline as benchmarks sit near record highs.

Big tech giants Apple (AAPL  ), Alphabet (GOOG  ), and Microsoft (MSFT  ) are all set to report Q2 earnings on Tuesday, while Google (GOOGL  ), Facebook (FB  ), and Amazon (AMZN  ) will report later in the week.

Here's how the market settled on Monday:

S&P 500 Index (SPY  ): +0.24% or +10.52 points to 4,422.31

Dow Jones Industrial Average (DIA  ): +0.24% or +82.57 points to 35,144.12

Nasdaq Composite Index (QQQ  ): +0.03% or +3.72 points to 14,840.71

McDonald's appoints company veteran as its first global customer officer:

McDonald's (MCD  ) announced Monday that is has appointed company veteran Manu Steijaert as its first global chief customer officer, serving as the head of the newly created customer experience team.

"Our customers should be able to move seamlessly between the in-store, takeaway and delivery service channels so that we offer even more convenience and better personalization," Kempczinski said in a message to the McDonald's system, reported by CNBC. "As I thought about this future, I concluded that we needed to remove some internal barriers and silos that ultimately lead to a fragmented customer experience."

New home sales post a surprise drop in June:

New home sales posted an unexpected third straight monthly decline in June, as tight inventory levels and surging home prices continue to weigh on the housing market.

New homes sales fell 6.6% in June over May, according to the Commerce Department's monthly report released Monday. This followed a downwardly revised drop of 7.8% in May. The level of new home sales was at a seasonally adjusted 676,000 in June, the lowest level in 15 months.

By region, sales in the Northeast fell 27.9% month-over-month, while sales dropped 7.8% in the South and 5.1% in the West, and rose 5.7% in the Midwest.

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

S&P 500 Index: -0.10% or -4.55 points to 4,407.24

Dow Jones Industrial Average: -0.21% or -73.97 points to 34,987.58

Nasdaq Composite Index: -0.22% or -28.33 points to 14,804.29

Goldman Sachs cuts U.S. GDP growth for Q3 and Q4:

Goldman Sachs (GS  ) cut its outlook for U.S. economic growth looking ahead for the upcoming third and fourth quarters of 2021, forecasting that the continued spread of the coronavirus, coupled with the highly transmissible Delta variant, putting more pressure on the service sector's recovery.

Goldman economist Jan Hatzius wrote in a note Monday that he expects gross domestic product growth to be 8.5% in the Q3 and 5.0% for Q4, with each representing reductions of one percentage point compared to the firm's previous estimates. Still, the firm's 2021 forecast for GDP growth is 6.6% on a yearly basis.