Dow books modest loss; Nasdaq slides 1%

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U.S. stocks recorded losses on Monday, pulling major equity benchmarks away from records as investors lacked clear and immediate reasons to push markets higher. The Dow Jones Industrial Average
DJIA,
-0.36%
fell 0.4%, or 118 points, to 34,078, based on preliminary numbers. The S&P 500
SPX,
-0.53%
slid 0.5% to end near 4,163. The Nasdaq Composite
COMP,
-0.98%
tumbled 1% to around 13,915. Investors also eyed talks around President Joe Biden’s infrastructure plan after he held a meeting with a bipartisan group of lawmakers over the size of the bill. Shares of Dow component Coca-Cola Co.
KO,
+0.60%
rose 1% after the beverage company reported earnings and revenues Monday that topped Wall Street forecasts.

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