U.S. stocks drifted lower at the start of what will be a shortened trading week.
The S&P 500 slipped 0.3% Monday. The Dow Jones Industrial Average gave back 0.4%, and the Nasdaq composite edged down 0.3%. Boeing rose after the airplane maker announced a management shakeup.
The market was cooling after last week’s run, which sent all three indexes to records on Thursday. This week could be relatively quiet, with the headline report on U.S. consumer spending and inflation coming Friday. U.S. markets will be closed that day for Good Friday. Treasury yields rose in the bond market.
On Monday:
The S&P 500 fell 15.99 points, or 0.3%, to 5,218.19.
The Dow Jones Industrial Average fell 162.26 points, or 0.4%, to 39,313.64.
The Nasdaq composite fell 44.35 points, or 0.3%, to 16,384.47.
The Russell 2000 index of smaller companies rose 2.17 points, or 0.1%, to 2,074.16.
For the year:
The S&P 500 is up 448.36 points, or 9.4%.
The Dow is up 1,624.10 points, or 4.3%.
The Nasdaq is up 1,373.12 points, or 9.1%.
The Russell 2000 is up 47.09 points, or 2.3%.
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