One of the reasons for last week's pullback could be something I've been discussing, which is interest rates, and the long end of the curve, specifically.

The chip maker’s earnings could pose a greater risk to the S&P 500 than the jobs report, CPI or the Fed meeting, BofA anaylsts say.

Stocks were mostly positive on Monday, but the Dow was weighed down by Nvidia (NVDA) and Nike (NKE). Still, the S&P 500 and the Nasdaq were boosted by Netflix (NFLX) and Tesla (TSLA) as well as an upbeat reading for a widely watched homebuilder survey.