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 percent Monday and pulled 1.8 percent below its all-time high set early this month. The Dow Jones Industrial Average added 0.3 percent, and the Nasdaq composite slumped 1.3 percent.
Oil prices fell roughly 3 percent 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 percent, to 7,472.79.
The Dow Jones Industrial Average rose 148.01 points, or 0.3 percent, to 51,712.71.
The Nasdaq composite fell 351.33 points, or 1.3 percent, to 26,166.60.
The Russell 2000 index of smaller companies rose 24.64 points, or 0.8 percent, to 3,004.40.
For the year:
The S&P 500 is up 627.29 points, or 9.2 percent.
The Dow is up 3,649.42 points, or 7.6 percent.
The Nasdaq is up 2,924.61 points, or 12.6 percent.
The Russell 2000 is up 522.50 points, or 21.1 percent.
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