U.S. stocks ended lower on Monday, pausing a rally after the S&P 500 logged its 16th winning week out of the last 18 and investors awaited a busy week that features congressional testimony by Federal Reserve Chair Jerome Powell and all-important jobs data.
What happened
-
The Dow Jones Industrial Average
DJIA
closed 0.3% lower, according to preliminary closing data from FactSet. -
The S&P 500
SPX
ended down 0.1% -
The Nasdaq Composite
COMP
finished 0.4% lower
The S&P 500 rose 1% last week and has gained 7.7% this year, posting its 15th record finish of 2024 on Friday. The Nasdaq returned to record territory last week, posting its second straight all-time high finish on Friday.
