Market Anticipation Builds Ahead of Key Events

U.S. stocks are experiencing a relatively calm day on Monday as investors await several key events that could significantly impact the market.

The S&P 500 slipped 0.3% and pulled away from its all-time high set earlier this month, while the Dow Jones Industrial Average rose 49 points or 0.1%, and the Nasdaq composite fell 0.6%

Tech stocks led the decline, with Nvidia slipping 0.7% due to concerns that the frenzy around artificial-intelligence technology may have driven prices too high.

The U.S. Treasury Department's recent decision to increase the size of planned buybacks of Treasurys has had a limited impact on easing the rise in yields for 10- and 30-year Treasurys, analysts warn.

The Federal Reserve is set to deliver a speech by its new chairman Kevin Warsh at an economic symposium in Jackson Hole, Wyoming, which could provide insight into future interest rate decisions.