U.S. oil companies are feeling the pinch as Chevron's stock prices continue to fall. CVX is down 0.52% and many investors are concerned about the company's future.

In the past few weeks, investors have started to pay less attention to inflation and more to the state of the economy.

European markets closed lower on Monday as investors focused on the next U.S. Federal Reserve meeting, which begins on Tuesday.

U.S. stocks traded lower on Monday, as investors grew cautious ahead of a busy week of central-bank meetings and corporate earnings.

The stock market has taken a turn for the 2023 year.