Wall Street capped a wobbly day of trading with a mixed finish Monday, giving back some of the market’s gains following a rare winning week.
The S&P 500 slipped 0.3 percent after shifting between small gains and losses throughout the day. The Dow Jones Industrial Average slipped 0.2 percent and the Nasdaq fell 0.7 percent. Shares in small companies rose, while more stocks rose than fell on the New York Stock Exchange.
Declines in technology and communication stocks, and in several big retailers and travel-related companies, weighed on the market. Those losses checked gains in energy stocks and elsewhere.
The market’s uneven finish comes after stocks closed out last week with solid gains and the S&P 500 posted its best day in two years Friday. Stocks rallied last week as pressure from rising Treasury yields let up somewhat and investors speculated the Federal Reserve may not have to be as aggressive about raising interest rates as earlier thought as it fights to control inflation….