US stocks retreated on Monday, after last week’s rally on hopes for interest rate cuts from the Federal Reserve in near-term.

As of 10:25 AM Eastern Time, the S&P 500 fell 0.2%, the Dow Jones Industrial Average fell 0.4%, and the Nasdaq Composite was mostly unchanged.

As of 9:57 AM Eastern Time, the S&P 500 fell 0.2%, the Dow Jones Industrial Average fell 0.3%, and the Nasdaq Composite lost 0.1%.

In the bond market, the yield on the 10-year Treasury rose to 4.29% from 4.25% late on Friday. The 2-year Treasury yield rose to 3.73% from 3.70%.

This week, Wall Street will see corporate earnings from few companies, including the semiconductor giant Nvidia, Dell Inc., Best Buy, and Dollar General.

Interms of economic data, the market participants will closely monitor the Federal Reserve’s preferred inflation gauge – the core Personal Consumption Expenditures (PCE) price index and the first revision for second quarter Gross Domestic Product (GDP).

Gainers and Losers

Keurig Dr Pepper shares tumbled 7.5% after the company said it will buy Peet’s Coffee owner JDE Peet’s for $18 billion.