Stocks end slightly below latest record highs as tech slips

By Damian J. Troise and Alex Veiga Associated Press

U.S. stock indexes gave up some of their recent gains Monday, pulling the S&P 500 slightly below the record high it hit last week.

Technology, communication and energy stocks weighed on the market, outweighing gains by a broad mix of companies, including banks and those that rely directly on consumer spending, such as Nike and Chipotle.

Bond yields inched higher after easing most of last week. Investors have been focusing on the economic recovery as well as the risks higher inflation pose to consumers and companies. Those concerns have helped push up bond yields for much of this year.

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