Stocks drifted lower as Wall Street’s pullback from its recent rally carried into a second week.
The S&P 500 fell 0.4 percent Monday. The index remains close to its highest level in a year. Tech stocks were the heaviest weights on the market and helped drag the Nasdaq to a loss of 1.2 percent. The Dow slipped 12 points, less than 0.1 percent.
This week does not have many economic or earnings reports that could help answer the main question facing markets: Will the economy be able to avoid a painful recession after global central banks hiked interest rates at a blistering pace to fight inflation?…