U.S. stocks staged an afternoon rally on Monday as major tech stocks reversed earlier losses and snapped a four-day losing streak for the NASDAQ

The Dow Jones Industrials weakened 162.79 points to 36,068.87.

The S&P 500 eked downward 6.74 points to 4,670.29.

The NASDAQ broke out of its funk and gained 6.93 points to 14,942.83, after being behind up to 2% during the day.

Large tech stocks were under pressure in early trading but were able to stabilize and then move higher as the day wore on. Nvidia, Tesla and

Apple all closed higher after losing ground earlier in the session.

Elsewhere, Shares of video game publisher Take-Two fell more than 15% after the company announced a deal to purchase Zynga. Apparel stocks Nike and Tapestry fell 5.4% and 4.5%, respectively. Lululemon fell more than 2% after the company said the omicron variant had hurt its fourth-quarter results.

On Sunday, Goldman Sachs projected the Federal Reserve to hike rates four times in 2022, signaling that Wall Street increasingly expects the central bank to get aggressive in an attempt to curb inflation.

Earnings season also kicks off this week. The S&P 500 is expected to show a growth rate of 21.7%, which would be the fourth straight quarter above 20%

Financial heavyweights JPMorgan Chase, Citigroup and Wells Fargo release quarterly results Friday.

Prices for 10-year Treasurys regained some lost strength, lowering yields to 1.76% from Friday’s 1.77%. Treasury prices and yields move in opposite directions.

Oil prices gave back 50 cents to $78.40 U.S. a barrel.

Gold prices recovered $3.60 to $1,801.00 U.S. an ounce.