The Dow Jones Industrial Average rose 66.44 points, or 0.20 percent, to 33,875.4. The S&P 500 added 3.52 points, or 0.09 percent, to 4,137.04. The Nasdaq Composite Index shed 35.25 points, or 0.29 percent, to 12,037.2.
Six of the 11 primary S&P 500 sectors ended in green, with energy and materials leading the gainers by rising 1.54 percent and 0.69 percent, respectively. Meanwhile, technology and real estate led the laggards by dropping 0.42 percent and 0.31 percent, respectively.
Microsoft, Alphabet, Amazon.com and Meta Platforms are all slated to report quarterly earnings this week.
Wall Street wavers as investors await mega-cap tech earnings, looming debt ceiling drama, and a few key U.S. data points that will influence Fed officials, said Edward Moya, senior market analyst at OANDA, a supplier of online multi-asset trading services.
"For the rally to continue we need to see a few hundred basis points in rate cuts, which is not necessarily going to happen if the Fed chooses inflation over financial stability over the next year," Moya said.
The Federal Open Market Committee has a nearly 99 percent probability of raising federal fund rates by another 25 basis points in the next monetary policy meeting in early May, according to data from the CME FedWatch Tool on Monday afternoon.
Investors also pay attention to data on U.S. durable goods orders, gross domestic production and personnel income and outlays to be released this week.
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