Investors certainly have a lot to digest this week, with major earnings reports, an FOMC decision and the subsequent "Powell Presser" on Wednesday, and the April nonfarm payrolls report on Friday. Before the open on Tuesday, LLY reports. After the close, we get AMD, AMZN, and SMCI. Before the open on Thursday comes NVO, and after the close we get AAPL. Put your tray tables up and fasten your seatbelts.

The stock market is in a rough patch for the first time since the July to October period of last year. After the major indices hit their secondary highs on April 11 (the Nasdaq hit its all-time high that day), is has pretty much been 'down periscope.' Out of those trading six days, the S&P 500 (SPX), Nasdaq, and Nasdaq 100 (QQQ) have fallen between 0.9% and 2.1% on three (SPX) or four of those days. Despite the very steep downside slope of the Big 3, NYSE breadth actually bottomed on April 12 and 15, illustrating that the selling has been concentrated in Big Tech and the many stocks that were overly extended on a momentum basis.

RTX Corp., based in Massachusetts, is an industrial conglomerate with a focus on the Aerospace & Defense business. The shares are a component of the Dow Jones Industrial Average and the S&P 500. The company has 185,000 employees.

RTX is a diversified aerospace and defense industrial company formed from the merger of United Technologies and Raytheon, with roughly equal exposure as a supplier to commercial aerospace manufacturers and to the defense market. The company operates in three segments: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, an aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military.