U.S. stocks are drifting in quiet trading ahead of what could be a quiet, holiday-shortened week. The S&P 500 was off 0.1% in early trading Monday, near its record set on Thursday. The Dow Jones Industrial Average was down 127 points, and the Nasdaq composite was up 0.1%. Treasury yields rose, which added some pressure on the stock market. The move higher in yields erased some of the slack created last week when better-than-expected reports on inflation pumped optimism into financial markets that the Federal Reserve would cut interest rates later this year. Markets will be closed Wednesday for the Juneteenth holiday.
Wall Street drifts in quiet trading at the start of a holiday-shortened week
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