US equities snapped a three-day rally as investors digested hawkish comments from Federal Reserve officials and data showing slower growth in the manufacturing sector.
The S&P 500 fell on Monday after notching its best month since 2020. The tech-heavy Nasdaq 100 was little changed after rising as much as 1.1%. Both indexes struggled for direction throughout the session. US Treasuries rallied, with the 10-year yield declining to around 2.59%, the lowest since April.