U.S. stocks pulled back from Friday’s records to close narrowly mixed on Monday ahead of Fed Chair Janet Yellen’s remarks over the next two days.
“You had a nice run up last week,” said Quincy Krosby, market strategist at Prudential Financial. “It’s not unusual for the market to consolidate a little and you have (a big Fed speaker tomorrow).”
The Nasdaq closed in the green as Apple closed at $133 a share, another all-time high. The iPhone maker said Monday it will spend $1.9 billion to build two new European data centers, one in Ireland, the other in Denmark.