BITF:CC - Dow Soars 250+
The Dow Jones Industrial Average climbed Monday as investors sold big technology names in favor into other sectors such as banks and energy.
The 30-stock index came off its highs of the day, but still drubbed the breakeven level by 260.54 points to 39,410.87.
The S&P 500 faded 16.76 points to 5,447.86.
The NASDAQ crumbled 192.5 points, or 1.1%, to 17,496.82.
There are also a number of key company earnings this week, including FedEx, Micron, Walgreens Boots Alliance and Nike.
Stocks are coming off a record-setting week, with the S&P 500 and NASDAQ notching fresh all-time highs.
Investors will receive key inflation data this week in the form of May's personal consumption expenditure data. The Federal Reserve's preferred inflation gauge is set to be released Friday.
Prices for the 10-year Treasury strengthened, lowering yields 4.23% from Friday's 4.26%. Treasury prices and yields move in opposite directions.
Oil prices climbed 95 cents at $81.68 U.S. a barrel.
Gold prices reclaimed $13.40 to $2,344.60