Stocks slipped on Monday, but the Dow Jones capped off its best month since 1976 and all the major averages snapped a two-month losing streak.
The 30-stock index fell 128.85 points to 32,732.95.
The S&P 500 sagged 29.08 points to 3,871.98.
The NASDAQ faded 114.31 points, or 1.%. to 10, 988.15.
Markets made a huge comeback in October. The Dow guided those gains, soaring 13.95% for the month. The 30-stock finished its best month since 1976 as investors bet on more traditional companies, like banks, to lead the next bull. The S&P picked up 8% and NASDAQ gained 3.9%,, for October.
October's gains have come despite a mixed third-quarter earnings season, which has shown slowing growth and a few major disappointments from large tech companies such as Meta Platforms and Amazon. Those names led Monday's tech losses as investors drifted out of the growth sector.
Traders are preparing this for the latest Federal Reserve meeting beginning Tuesday. The central bank is expected to hike rates by three quarters of a percentage again on Wednesday, but many on Wall Street are looking for a signal from the FOMC statement or Chairman Jerome Powell's press conference that the Fed could pause its hikes in the near future, or curb their size.
Earnings season continues this week with reports from Uber, Pfizer and Advanced Micro Devices.
Treasury prices faded, raising yields to 4.05% from Friday's 4.01%. Treasury prices and yields move in opposite directions.
Oil prices sagged $1.69 to $86.21 U.S. a barrel.
Gold prices dipped $8.40 to $1,636.40 U.S. an ounce.