Stocks Slip to Begin Week

The S&P 500 was flat on Monday, as traders looked ahead to the Federal Reserve’s interest rate decision and May inflation data.

The Dow Jones Industrials had lost 39.32 points by noon to 38,759.67.

The much-broader index recovered 5.64 points to 5,352.63.

The NASDAQ took on 45.43 points to 17,178.55.

Nvidia shares were down 1% as the stock’s 10-1 spilt took effect.

Elsewhere on Monday, investors will also keep an eye on Apple’s Worldwide Developers Conference at which the iPhone maker is anticipated to makes its latest software announcements.

Prices for the 10-year Treasury fell, raising yields to 4.46% from Friday’s 4.43%. Treasury prices and yields move in opposite directions.

Oil prices rose $1.56 to $77.09 U.S. a barrel.

Gold prices gave way $2.90 to $2,322.10