NEW YORK—Stock indexes drifted lower Monday as Wall Street’s pullback from its big recent rally carried into a second week.
The S&P 500 fell 19.51 points, or 0.4 percent, to 4,328.82. It’s still close to its highest level in a year, reached a couple weeks ago.
Technology stocks were the heaviest weights on the market and pulled indexes lower even though the majority of stocks on Wall Street rose. They dragged the Nasdaq composite to a loss of 156.74, or 1.2 percent, to 13,335.78. The Dow Jones Industrial Average was sturdier and slipped 12.72 points, or less than 0.1 percent, to 33,714.71.
Carnival fell 7.6 percent for the sharpest drop in the S&P 500 despite reporting stronger results and revenue for the latest quarter than expected. It gave forecasts for upcoming earnings per share and other measures that may have disappointed some investors, particularly after its stock has already cruised upward by more than 80 percent this year….