Major indices are in the red today as the Street braces for significant earnings releases throughout the week. Earnings season picks up this week with the focus shifting to the Industrials sector.

Perhaps the major reason stocks are down this afternoon is because of the surge of the 10-year yield, which is currently at the same it was 60 days ago.

Most sectors are under performing today with Real Estate and Health Care suffering the most. 

On the economic front, the Conference Board Leading Economic Index declined by 0.5% in September to 99.7. Over the six-month period, the index has fallen 2.6% and still signaling a recession is ahead.