US stocks trade lower after Friday's rally as investors gauge risk of recession

The S&P 500 fell for a sixth week in a row on Monday as investors continued to gauge the risk of an economic recession.

Lloyd Blankfein, the former CEO of Goldman Sachs, told CBS News that the US is at a high risk of a recession. He said he would be prepared for it if he were a consumer.

The S&P 500 could fall another 11% to 3,600 in the event of an economic recession, as analysts at Goldman Sachs said.

The US indexes stood at 9:30 a.m. The hours are open on Monday.

S&P 500 companies have already reported results for the first quarter. According to Fundstrat, 76% of those companies beat profit estimates. More than 70% of those companies beat revenue estimates.

India, the world's second largest producer of the grain, banned exports due to concerns of a global shortage due to Russia's war against Ukraine.

According to a Financial Times report, Sam Bankman-Fried doesn't see a future for bitcoin as a payments network because it won't be able to handle millions of transactions. The implosion of Terra has caused a lot of concern for the industry.

In the first quarter of this year, Renaissance Technologies more than doubled its holdings ofTesla and slashed its holdings of AMC Entertainment.

West Texas Intermediate crude oil rose as much as 0.14%. The international benchmark for oil fell as much as 0.05%.

It fell to $29,770. The price of ether fell to $2,010.

The price of gold fell as much as 0.21%. The yield on the 10-year Treasury fell.