Investors showed little willingness to step back into the stock market after it advanced more than 3% last week. In addition to the light trade, action was also rather quiet and stocks spent most of the session stuck in a narrow range. Hewlett-Packard did disappoint with its downward revision of first quarter earnings. Research In Motion was a primary leader after it was upgraded. The tech sector has managed to maintain a modest gain as large-cap tech issues like Cisco Systems provide support.

Advancing Sectors: Telecom (+1.1%), Consumer Discretionary (+0.4%), Tech (+0.3%), Financials (+0.2%)
Declining Sectors: Industrials (-0.5%), Health Care (-0.4%), Consumer Staples (-0.4%), Energy (-0.2%), Materials (-0.1%), Utilities (-0.1%)
FEAR METER: The S&P 500 implied volatility remained low.