US stocks hardly budged Monday as smaller firms and retailers rose while health care companies and banks declined. Chemical and mining companies rose as the dollar weakened.
Precious metals rose as the dollar, already at its lowest levels in almost a year, weakened a bit further. Bond yields slipped, sending banks lower and high-dividend stocks like utilities and household goods companies higher.
With indexes at or near record highs and another round of corporate earnings reports just beginning, investors didn’t make many big moves. Stocks wobbled between small gains and losses all day.
Investors expect another solid round of corporate earnings, and they think the Federal Reserve will be more cautious about raising interest rates because of some weak economic data, including Friday’s report on retail sales.
‘‘The fundamental picture for investors seems to be sort of strangely perfect, with improving fundamentals and a central bank with its foot that was only weakly on the gas coming off the gas,’’ said Katie Nixon, chief investment officer for Wealth Management at Northern Trust.
The Standard & Poor’s 500 index lost 0.13 points to 2,459.14. The Dow Jones industrial average shed 8.02 points to 21,629.72. The Nasdaq Composite gained 1.97 to 6,314.43. The Russell 2000 index of smaller-company stocks rose 2.79 points, or 0.2 percent, to 1,431.60.
The S&P 500, Dow, and Russell 2000 all closed at record highs Friday. The Nasdaq has rallied almost 4 percent in the last seven days, and has recovered almost all of the losses it sustained when technology companies went into a slump in early June.
Investment firm BlackRock dipped after it reported weaker-than-expected results in the second quarter; the stock declined 3.1 percent.
After the end of regular trading, Netflix said it picked up 5.2 million subscribers in the second quarter; the stock jumped 11 percent aftermarket.
FedEx said shipping volumes for its TNT Express business are down and customers are still experiencing delays after the business was hit by a cyberattack in June. The stock fell 1.6 percent.
Blue Apron tumbled after The Sunday Times reported Amazon is getting ready to launch its own meal-prep business. The British newspaper reported that Amazon registered a trademark for a food kit business. Blue Apron filed to go public about two weeks before Amazon agreed to buy the Whole Foods grocery chain. The company went public June 29 with an IPO that priced at $10 a share, and its stock has fallen further since then. On Monday it dropped 10.5 percent, to $6.59.