The Dow Jones Industrials dumped 156.96 points to start a short week at 38,912.63.
The S&P 500 inched forward 4.66 points to 5,309.38.
The NASDAQ barreled ahead 93.92 points to 17,014.72.
Nvidia shares jumped more than 4%, extending last week’s rally. On the other hand, the blue-chip Dow was weighed down by a slide of more than 2% in Merck.
Those moves come near the end of a strong month, with all three major indexes recording fresh record levels in May. Softer inflation data earlier this month and better-than-expected quarterly earnings reports lifted sentiment, with the former suggesting Federal Reserve rate cuts could come earlier than investors had anticipated. The Dow has added around 3%, while the S&P 500 gained 5% and NASDAQ has climbed more than 8%.
Prices for the 10-year Treasury were down, raising yields to 4.5% from Friday’s 4.47%. Treasury prices and yields move in opposite directions.
Oil prices picked up $2.02 to $79.74 U.S. a barrel.
Gold prices added $27.10 to $2,361.60.