(CNBC) -- Stocks fell on Monday as investors assessed equity valuations and the outlook for more Covid-19 relief stimulus, along with ongoing political turmoil.
The Dow Jones Industrial Average slid 89.28 points, or 0.3%, to end the day at 31,008.69. The S&P 500 dipped 0.7% to 3,799.61, and the Nasdaq Composite pulled back by 1.3% to 13,036.43. At one point, the Dow was down 265 points.
Wall Street was coming off a solid week to start 2021 as investors looked past a violent siege of the Capitol and focused on the prospect for additional fiscal stimulus after a Democratic sweep of Congress. The S&P 500 climbed for four days straight to a record with a 1.8% gain last week. The Dow and the tech-heavy Nasdaq Composite gained 1.6% and 2.4% in the prior week, respectively, also reaching all-time highs.
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