The tech-heavy Nasdaq 100 Index fell 0.2%, while Dow Jones Industrial Average was little changed. Investors are closely watching the blue-chip index after it eclipsed an intraday record on Friday but closed shy of an all-time high.
US equities retreated midday Monday as traders prepared for a deluge of retail earnings reports and a US Federal Reserve (US Fed) symposium this week, while also awaiting news from a White House meeting over the war in Ukraine.
The S&P 500 Index slipped by 0.1% as of 1:04 pm in New York, led by the communications and real-estate sectors. Intel Corp was among the wost performers in the US stocks benchmark, declining as much as 5.5% as the Trump administration is reportedly in discussions to take a roughly 10% stake in the chip producer.
