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The S&P 500 and Dow Jones industrial average ended lower on Monday, with investors waiting for cues from the upcoming corporate earnings season and a key inflation report later this week.

The S&P 500 and Dow Jones industrial average dipped below record levels on Monday as investors paused ahead of the start of the corporate reporting season and a key inflation report later this week.

The dollar slipped on Monday and a gauge of global equity markets slid from record highs last week as investors wait to see whether an expected jump in U.S. earnings will justify stock prices already trading at very high premiums.

Consumer stocks were advancing in Monday trading, with the SPDR Consumer Staples Select Sector ETF climbing 0.4% while the SPDR Consumer Discretionary Select Sector ETF was rising 0.5%.In company news, Alibaba Group Holding (BABA) rose 9% after the company reportedly said it does

The S&P 500 and the Dow Jones indexes retreated from record levels on Monday, as investors geared up for the start of the corporate reporting season and a key inflation report later this week.

Stock market benchmarks pushed into record territory last week, so it was only natural that they might take a pause to begin the new week on Monday. Even with modest losses for major averages, market participants remain largely upbeat on the prospects for continued economic recov

The S&P 500 and the Dow Jones indexes retreated from record levels on Monday, as investors geared up for the start of the corporate reporting season and a key inflation report later this week.