Stocks slipped on Wall Street ahead of some key reports this week on the job market that might provide more insight into the Federal Reserve’s thinking about interest rates.
The S&P 500 fell 0.5% Monday. The index is coming off its best month in more than a year. The Dow Jones Industrial Average fell 41 points, and the Nasdaq $NDAQ composite fell 0.8%.
Alaska Airlines slumped after it said it would buy Hawaiian Airlines. Spotify $SPOT jumped after announcing its third round of layoffs this year. Treasury yields were higher and crude oil prices edged lower.
On Monday:
The S&P 500 fell 24.85 points, or 0.5%, to 4,569.78
The Dow Jones Industrial Average fell 41.06 points, or 0.1%, to 36,204.44.
The Nasdaq composite fell 119.54 points, or 0.8%, to 14,185.49.
The Russell 2000 index of smaller companies rose 19.37 points, or 1% to 1,882.02.
For the year:
The S&P 500 is up 730.28 points, or 19%.
The Dow is up 3,057.19 points, or 9.2%.
The Nasdaq is up 3,719.01 points, or 35.5%.
The Russell 2000 is up 120.77 points, or 6.9%.