Stock market today: Wall Streets momentum cools after its latest record-setting week | KLRT [Video]

NEW YORK (AP) — U.S. stocks are ticking lower Monday at the start of what will be a shortened trading week.

The S&P 500 was down 0.3% in early trading. The Dow Jones Industrial Average was 81 points lower, or 0.2%, as of 9:40 a.m. Eastern time, and the Nasdaq composite was down 0.5%.

The market is easing back from last week’s big run, which was its best of the year and sent all three indexes to records on Thursday. Stocks climbed as the Federal Reserve indicated it’s still likely to deliver several cuts to interest rates this year, as long as inflation keeps cooling.

That has the S&P 500 on track for another winning month in what’s been a nearly unstoppable run since late October. The strength has been durable, “but the longer the market goes up without a notable pullback, the closer we come to such a move …