U.S. stocks edged down from their record heights in a quiet Monday on Wall Street.

The S&P 500 slipped 6.13 points, or 0.1%, to 5,130.95, coming off its latest all-time high and its 16th winning week in the last 18. The Dow Jones industrial average dipped 97.55, or 0.2%, to 38,989.83, and the Nasdaq composite lost 67.43, or 0.4%, to 16,207.51.

Momentum slowed for U.S. stocks following their roar higher on excitement that inflation appears to be cooling, cuts to interest rates may be coming and the U.S. economy has so far shrugged off predictions for a recession

Super Micro Computer, which sells server and storage systems used in AI and other computing, jumped another 18.6% Monday. It has surged nearly 1,000% in the last 12 months.

It was the first trading for the stock since an announcement that it will join the S&P 500 index of the biggest U.S. stocks in two weeks. Such a move could drive even more investment in the company.

Super Micro Computer will replace Whirlpool, which is on track for a third straight losing year and will fall back to the S&P 400 index of mid-sized stocks. At the same time, Deckers Outdoor will replace Zion Bancorp. in the S&P 500.

Several events scheduled for this week could upset the market.

On Wednesday, the chair of the Federal Reserve will offer testimony before a House of Representatives committee about monetary policy.

A report on Friday will show how the U.S. job market is doing, with economists forecasting a slowdown from January’s strong growth

In the meantime, several retailers will also offer their latest earnings reports this upcoming week.

Elsewhere on Wall Street, Spirit Airlines lost 10.8%. JetBlue Airways is ending their proposed $3.8 billion combination after a court ruling blocked their merger. JetBlue rose 4.3%.

Apple fell 2.5% after the European Union hit it with a fine of nearly $2 billion for unfairly favoring its own music streaming service over Spotify and other rivals. It was the single heaviest weight on the S&P 500.

In the bond market, the yield on the 10-year Treasury rose to 4.21% from 4.18% late Friday.

— Associated Press