The Dow Jones Industrials fell behind 175.98 points by noon hour EDT Monday at 34,685.26, dragged down by losses in JPMorgan and Chevron
The S&P 500 slouched 4.74 points to 4,538.32.
The NASDAQ Composite remained buoyant 33.27 points to 14,202.57.
Bank stocks ticked lower on Monday as the yield curve flattened. JPMorgan lost 1.9% and Wells Fargo fell 2.7%. Goldman Sachs and Bank of American lost 1% each.
Shares of Tesla popped more than 5% on news it wants to split its stock so it can pay a stock dividend to shareholders.
Other technology stocks like Netflix and Microsoft rose 1% each. Zoom Video rose more than 3%.
Investors continue to monitor developments in Russia’s war on Ukraine. Peace talks between the two nations are set to continue this week, with delegations from both countries traveling to Turkey on Monday.
A Kremlin spokesperson told reporters that discussions were likely to resume Tuesday.
Treasury prices gained some ground, lowering yields to 2.46% from Friday’s 2.48%. Treasury prices and yields move in opposite directions.
Oil prices tumbled $7.68 to $106.22 U.S. a barrel.
Gold prices lost $17.00 to $1,937.20 U.S. an ounce.