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Stocks slip, tech drags to start last week of June trading: Stock market news today

Stocks slipped to start the new week Monday as tech stocks fell and investors considered what the weekend's short-lived challenge to Vladimir Putin by armed mercenaries in Russia means for markets.

The S&P 500 (^GSPC) was down around 0.4%, while the Dow Jones Industrial Average (^DJI) was roughly flat. The tech-heavy Nasdaq Composite (^IXIC) led the way down, dropping over 1%.

As Yahoo Finance's Josh Schafer reported, some of the best-performing stocks of the first half of the year have been seeing downgrades from Wall Street analysts in recent weeks. Many of these stocks — like Tesla (TSLA), Apple (AAPL), and Alphabet (GOOGL) — fell Monday.

With data on PCE inflation and consumer confidence due later this week, investors may well return to focusing on the Federal Reserve's next moves with inflation data, after Chair Jerome Powell hinted at more rate increases to come last week.

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