Wells Fargo gave up 2.1% Monday and Capital One lost 1.2%. Banks were hurt by a decline in long-term bond yields, which force interest rates on loans like mortgages lower. Facebook led a decline in communications companies with a drop of 1.9%.
Health care companies were broadly higher. Johnson & Johnson rose 1.8%. The S&P 500 index fell 4 points, or 0.2% to 3,020. The Dow Jones Industrial Average rose 28 points, or 0.12%, to 27,221. The Nasdaq fell 36 points, or 0.4%, to 8,293.
Small-company stocks fell more than the rest of the market. Bond prices rose. The yield on the 10-year Treasury fell to 2.06%.
Stocks moved mostly lower on Wall Street as investors pulled back after pushing stocks to record highs last week.
Amazon led a wide range of consumer-oriented companies lower Monday and technology stocks fell broadly, led by Microsoft.
Facebook led communications stocks lower with a drop of 1.7%.
The health care sector benefited from gains in drug companies. Mylan soared 12.8%.
The S&P 500 index fell 4 points, or 0.1% to 3,021.
The Dow Jones Industrial Average rose 68 points, or 0.2%, to 27,259. The Nasdaq fell 51 points, or 0.6%, to 8,279.
More stocks fell than rose on the New York Stock Exchange.
Bond prices rose. The yield on the 10-year Treasury fell to 2.06%.
Stocks are off to a mixed start on Wall Street as gains for health care companies are offset by losses elsewhere in the market.
Mylan soared 16% in early trading Monday.
Consumer focused and communications companies were lower. Amazon fell 1.3%.
Booz Allen Hamilton rose 3.4% after the defense contractor reported earnings that beat analysts' forecasts.
The S&P 500 index fell 3 points, or 0.1% to 3,021.
The Dow Jones Industrial Average rose 43 points, or 0.1%, to 27,233. The Nasdaq fell 37 points, or 0.5%, to 8,291.
Bond prices rose. The yield on the 10-year Treasury fell to 2.05%.