Stocks capped a day of choppy trading on Wall Street with a modestly lower finish Monday, giving back some of their recent gains after the major indexes notched their best week in more than a year.
The Standard & Poor’s 500 index slipped less than 0.1% after giving up an early gain and bouncing around for much of the day. The Dow Jones industrial average fell 0.6%, and the Nasdaq composite slid 0.4%.
Smaller-company stocks fared worse than the broader market. The Russell 2000 index fell 20.21 points, or 1%, to 2,065.94. Before Russia’s invasion of Ukraine added a new wave of global economic uncertainty to the mix, some Fed officials had said the central bank would do better to begin raising rates by a half-point in March. Because Powell is now floating the possibility of a half-point increase, that could signal that such a move is on the table again.The sale of L.A.
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