(Reuters) – Wall Street’s main indexes traded lower as investors remained cautious and shunned riskier assets ahead of key inflation data and a Federal Reserve meeting this week that could signal the path for monetary policy easing in coming months.
Nvidia was down 1.6% at 4:20 p.m. on the back of a 10-to-1 stock split that took effect after markets closed on Friday, focusing on opportunities for blue-chip inclusion in the Dow.
The average was down 0.1% at 38,768.43, as well as at 5,340.59, while it was down 0.2% at 17,109.59.
Eight of the 11 S&P 500 sectors are in the red, led by a 0.5% decline in financials, while the small-cap index is down 0.5%.
Apple (NASDAQ: ) fell 0.8% ahead of the iPhone maker’s annual conference for updates on how it is integrating artificial intelligence into its offerings.
Southwest Airlines rose 6.4% after activist investor Elliott Investment Management said it had built a $1.9 billion position in the company.
CrowdStrike, KKR and GoDaddy rose between 1.7% and 10.4% after S&P Dow Jones Indices announced the companies would be included in the S&P 500 starting June 24.
Diamond Offshore Drilling rose 10.2% after oilfield services company Noble said it would buy its smaller rival in a $1.59 billion deal.
Advanced Micros lose 3% after that Morgan Stanley (NYSE:) downgraded the chip stock to “equal weight” from “overweight.”
(Translated by Laura Contemori; Editing by Gianluca Semeraro)
