(Bloomberg) -- U.S. stocks retreated from all-time highs as investors assessed a fresh round of corporate earnings. The dollar fell.The S&P 500 snapped a two-day rally. Cryptocurrency-linked stocks slid, following a weekend rout for Bitcoin. Tesla Inc. dropped as one of its electric cars that “no one” appeared to be driving crashed and killed two passengers. Peloton Interactive Inc. sank on a U.S. safety agency warning about the company’s treadmill risks. Harley-Davidson Inc. and Coca-Cola Co. rose as sales beat estimates. GameStop Corp. jumped after saying Chief Executive Officer George Sherman will leave before the end of July.Robust economic data helped push stocks to another record last week despite concerns surrounding the spread of Covid-19 variants. The risk of another destabilizing increase in borrowing costs has subsided as bond yields have pulled back from recent highs. Traders will look for further confirmation of the private sector’s recovery from the pandemic as the earnings season gathers pace.“We think that because valuations are where they are -- making frequent records and valuations looking stretched across a lot of areas in the market -- that there is a high likelihood you’ll see some periods of volatility,” said Megan Horneman, director of portfolio strategy at Verdence Capital Advisors.For Matt Maley, chief market strategist for Miller Tabak + Co., the sharp drop in Bitcoin over the weekend is having an impact on trading as well.“Whenever a headline-grabbing asset sees a big decline at a time when the broad market stands at an expensive level, it usually has a negative impact on the stock market, even if it’s only short-lived,” he wrote.Here are some key events to watch this week:Apple’s first product unveiling of the year on Tuesday.Reserve Bank of Australia releases minutes of its policy meeting on Tuesday.EIA crude oil inventory report on Wednesday.European Central Bank rate decision and President Christine Lagarde briefing on Thursday.U.S. releases new home sales dataThese are some of the main moves in markets:StocksThe S&P 500 fell 0.2% at 9:30 a.m. New York time.The Stoxx Europe 600 Index gained 0.1%.The MSCI Asia Pacific Index climbed 0.2%.CurrenciesThe Bloomberg Dollar Spot Index sank 0.4%.The euro gained 0.4% to $1.2028.The Japanese yen appreciated 0.5% to 108.25 per dollar.BondsThe yield on two-year Treasuries rose less than one basis point to 0.16%.The yield on 10-year Treasuries rose three basis points to 1.61%.The yield on 30-year Treasuries jumped three basis points to 2.29%.CommoditiesWest Texas Intermediate crude gained 0.1% to $63.17 a barrel.Gold fell 0.3% to $1,770.34 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.