landsberg bennettStocks finished lower on Monday, as investors marked time ahead of key data reports and central bank updates later in the week. The Dow dropped 115 points, while the S&P 500 lost 0.5% and the Nasdaq Composite declined 0.8%.

Six of 11 S&P 500 sectors ended in negative territory with Materials shares leading the losses. Technology stocks also lagged, with Apple slumping 2.1% following an analyst downgrade. According to Bloomberg, the iPhone maker now has more “sell” ratings from Wall Street analysts than at any time since 1997. In other corporate news, Deutsche Bank fell 6.1% after Germany’s largest lender announced it will cut 18,000 jobs by 2022 and will exit the equity trading business. Meanwhile, Boeing lost 1.3% amid reports the aerospace giant lost an order for 50 MAX 737 jets.

On the data front, a report showed consumer credit climbed more than expected in May as American credit card balances increased. Investor attention will likely focus on Thursday’s update of the U.S. Consumer Price Index, as well as two days of testimony in front of Congress by Federal Reserve Chair Jerome Powell, which starts on Wednesday.

Treasuries weakened ahead of the updates, with the yield on the 10-year note climbing one basis point to 2.05%. In commodities, WTI crude finished essentially flat at $57.49/barrel despite rising tensions in the Middle East. COMEX gold slid 0.4% to $1,394/ounce, marking its fourth consecutive decline after climbing to a six-year high last week.