NEW YORK — Stocks moved broadly lower on Wall Street in midday trading Monday as the market gave back some of its recent gains following a record-setting run.
The benchmark S&P 500 index has risen five straight weeks, notching multiple all-time highs along the way. It’s on track to end the month about 2.6% higher, its fourth-consecutive monthly gain.
Technology and communication services companies led the selling Monday. Chipmaker Nvidia slid 1.7% and Facebook lost 1.6%.
