Wall Street had finished slightly higher on Friday. Dow Jones index advanced by 0.17% and the S&P 500 by0.15%.

The tech-dominated Nasdaq gave up 0.06%. Over the week, all three indexes had lost less than 0.5%. Analysts expect earnings per share to decline by 6.2%, which portends "a recessionary season for earnings" The week began with the quarterly accounts of Coca-Cola, which posted growth in volume sales.