Wall Street falls after recent big gains

Monday witnessed a volatile trading session and US stocks ended slightly lower after posting sharp gains the week before, while oil prices and Treasury yields rose.

Economic data on Monday showed new orders for US-made capital goods and shipments increased solidly in May, pointing to sustained strength in business spending on equipment in the second quarter. read more

Stocks moved between gains and losses during the session on Wall Street, with big growth shares leading the way down.

It is not shocking given the circumstances of bear market that last week was a good week and this week is turning out to be a bad week

The Dow Jones Industrial Average fell 62.42 points, or 0.2%, to 31,438.26, the S&P 500 lost 11.63 points, or 0.30%, to 3,900.11 and the Nasdaq Composite (.IXIC) dropped 83.07 points, or 0.72%, to 11,524.55.