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U.S. stocks drifted lower following their sharp losses from last
week.
The S&P 500 fell 0.5% Monday after flipping between small gains
and losses through the day. The Dow Jones Industrial Average
added 0.1%, and the Nasdaq composite dropped 1.2%.
Nvidia fell ahead of its profit report coming later this week
and was the heaviest weight on the market. Berkshire Hathaway
climbed after Warren Buffett’s company reported a jump in
operating profits for the latest quarter, but it also hinted
that it’s not seeing many stocks priced well enough to buy.
Treasury yields fell ahead of coming updates on consumer
confidence and inflation.
On Monday:
The S&P 500 fell 29.88 points, or 0.5%, to 5,983.25.
The Dow Jones Industrial Average rose 33.19 points, or 0.1%, to
43,461.21.
The Nasdaq composite fell 237.08 points, or 1.2%, to 19,286.92.
The Russell 2000 index of smaller companies fell 17.08 points,
or 0.8%, to 2,178.27.
For the year:
The S&P 500 is up 101.62 points, or 1.7%.
The Dow is up 916.99 points, or 2.2%.
The Nasdaq is down 23.87 points, or 0.1%.
The Russell 2000 is down 51.89 points, or 2.3%.
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