The Dow Jones Industrials retreated 55.83 points at 33,618.55.
The much-broader index nicked up 1.87 points to 4,138.12.
The NASDAQ Composite recovered 21.5 points to 12,256.92.
Meanwhile, select bank shares ticked higher to begin the week. Shares of PacWest gained 3.6%. Late Friday evening, the bank announced that it would cut its dividend to just one cent per share from 25 cents per share in the prior quarter. Western Alliance shares ended the day up about 0.6%. Big banks Wells Fargo and JPMorgan Chase also rose.
Investors are reportedly debating if the banking crisis has finally abated.
Elsewhere, shares of Disney rose more than 2%. The company is set to report quarterly results on Wednesday.
Meanwhile, Berkshire Hathaway Class A shares rose more than 1% after Warren Buffett’s conglomerate reported its first-quarter results. The conglomerate showed operating earnings increase 12% in the first quarter, while its cash hoard topped $130 billion. Buffet personally discussed topics including the latest banking crisis that rocked Wall Street, at Berkshire Hathaway’s annual meeting in Omaha, Nebraska.
Investor attention will turn to April’s consumer price index due out Wednesday, followed by the producer price index on Thursday. Stocks are coming off a volatile week that saw the Dow Jones Industrial Average and S&P 500 notch their worst weekly stretches since March. The losses came despite a late-week rally that saw volatile regional bank stocks jump off their lows.
Prices for the 10-year Treasury sagged, raising yields to 3.52% from Friday’s 3.44%. Treasury prices and yields move in opposite directions.
Oil prices leaped $1.48 to $72.82 U.S. a barrel.
Gold prices picked up $4.20 to $2,029.00 U.S. an ounce.