On Monday, the S&P 500 experienced a slight decline, retracting from its recent record high achieved on Friday, while investors awaited crucial inflation data. The S&P 500 decreased by 0.38% to 5,069.53, the Nasdaq Composite slipped by 0.13% to end at 15,976.25, and the Dow Jones Industrial Average dipped by 62.30 points or 0.16%, closing at 39,069.23.
In a notable change, Amazon became a part of the 30-stock Dow, replacing Walgreens Boots Alliance. The Dow’s composition is based on stock price rather than market capitalization, and the addition of the e-commerce giant will enhance the index’s exposure to the technology and consumer retail sectors. Amazon’s shares slightly declined by 0.15%.
Treasury yields saw a slight increase on Monday, putting pressure on stock performance. The 10-year Treasury yield rose by approximately one basis point to 4.276%.
Source (CNBC)
