U.S. stocks are trading sideways in today’s session after the Dow Jones jumped more than 300 points on Friday. Investors are eyeing earnings results from Global Payments Inc. (GPN), the chemical fertilizer company Mosaic Company (MOS), Activision Blizzard (ATVI) and ON Semiconductor Corp.(ON).

The ISM manufacturing sector activity in the U.S. expanded at a similar rate MoM exceeding market expectations. The manufacturing PMI declined slightly to 52.8%, however also marking the lowest figure since June 2020. The ISM manufacturing index and data on construction spending will be released at 10:00 a.m. ET.

At the time of writing, the Dow Jones Industrial Average dropped 0.25% to 32,772 while the S&P 500 index fell 0.31% to 4,119. However, the Nasdaq Composite index is edging higher 0.27% to 12,983.

Commoditywise, oil prices traded lower as Brent crude futures fell 4.3% to trade at $99.51 per barrel, while U.S. WTI crude futures fell 5.5% to $92.76 a barrel. In the meantime, traders will be keeping an eye on this week’s OPEC+ meeting, which will determine the further output of crude.

Cryptocurrency prices have rebounded nicely over the last week, showing an upbeat technical picture while the number of large-sum Bitcoin (BTCUSD) wallets expanded significantly, according to Glassnode.

European stocks pared earlier gains, as U.S. equity indices started Monday apparently wrong footed. Corporate earnings continued to deliver upside surprises, while investors assessed remarks from several ECB executives that higher interest rates are needed to bring inflation under control. At the time of writing, the Stoxx Europe 600 Index declined 0.7%, British FTSE 100 remained relatively unchanged while the French CAC 40 Index rose 0.18%, and German DAX gained 0.24%. The unemployment rate in the Eurozone came in unchanged at 6.6% for June, while manufacturing PMI fell to 49.8 in July from 52.1 in June. Retail sales in Germany declined 1.6% MoM in June versus a revised 1.2% increase in May, while the country’s manufacturing PMI rose to 49.3 in July from a preliminary level of 49.2. The S&P Global UK manufacturing PMI fell to 52.1 in July from a preliminary reading of 52.2. The S&P Global manufacturing PMI for France dropped to 49.5 in July from 51.4 a month ago.

Asian markets traded higher earlier today. Japan’s Nikkei 225 rose 0.69%, while China’s Shanghai Composite advanced by 0.21% and Hong Kong’s Hang Seng Index crawled higher by just 0.05%. Also Australia’s S&P/ASX 200 rose 0.7%, while India’s S&P BSE Sensex added 0.8%. The official NBS Manufacturing PMI for China declined to 49.0 in July from 50.2 on a monthly basis, while non-manufacturing PMI fell to 53.8 in July versus a 13-month high level of 54.7 in the previous month. Also, the S&P Global Australian manufacturing PMI slipped to 55.7 in July from 56.2 in June. The Bank Japan’s manufacturing PMI dropped to 52.1 in July from a final reading of 52.7 in June. The S&P Global Indian manufacturing PMI, however, surged to 56.4 in July compared to a 9-month low level of 53.9 in June. Hong Kong's economy contracted by 1.4% YoY during Q2.