U.S. stocks drifted through a mixed day of trading after oil prices eased and falling Big Tech stocks weighed on Wall Street.
The S&P 500 slipped 0.4% Monday and pulled 1.8% below its all-time high set early this month. The Dow Jones Industrial Average added 0.3%, and the Nasdaq composite slumped 1.3%.
Oil prices fell roughly 3% following negotiations between the United States and Iran on ending their war. But drops for giants like Alphabet and Amazon weighed on the market, which resumed trading following a three-day weekend.
Rising Treasury yields in the bond market also pressured stock prices.
On Monday:
The S&P 500 fell 27.79 points, or 0.4%, to 7,472.79.
The Dow Jones Industrial Average rose 148.01 points, or 0.3%, to 51,712.71.
The Nasdaq composite fell 351.33 points, or 1.3%, to 26,166.60.
The Russell 2000 index of smaller companies rose 24.64 points, or 0.8% to 3,004.40.
For the year:
The S&P 500 is up 627.29 points, or 9.2%.
The Dow is up 3,649.42 points, or 7.6%.
The Nasdaq is up 2,924.61 points, or 12.6%.
The Russell 2000 is up 522.50 points, or 21.1%.
