US equities indices retreated from record highs, weighed down by a negative session for several large banking and Big Tech stocks.
The S&P 500 and Nasdaq Composite each closed 0.6 per cent lower on Monday, falling from peaks notched up on Friday.
Financials was the worst-performing sector in the S&P 500. Shares of heavyweight banks including JPMorgan, Bank of America, Wells Fargo and Morgan Stanley all shed more than 1 per cent.
Nvidia shares fell 2.4 per cent after China launched an antitrust probe into the semiconductor group. Among other Big Tech stocks, Amazon and Meta also closed lower.
Short-term Treasury yields, which move inversely to price, bounced from a five-week low. The yield on the policy-sensitive two-year note was up 0.03 percentage points at 4.13 per cent.
