(CNBC) -- The S&P 500 was lower on Monday as trading opened in August, with some investors questioning whether the recent rally has further to run following the best month since 2020.
The equity benchmark slipped 0.34% after bouncing between gains and losses throughout the session. The Nasdaq Composite lost 0.03%. The Dow Jones Industrial Average shed 49.47 points, or 0.15%, with a gain in Boeing helping contain losses after the U.S. approved a plan to resume 787 deliveries.
The energy sector was a big drag on the market as oil prices fell. Shares of Diamondback Energy, ExxonMobil, Chevron and Devon Energy all traded down.
The post Stocks slip to begin August following their best month since 2020 appeared first on WND.
