Wall Street gave back some of its recent gains Monday as stocks finished lower ahead of some key reports this week on the job market that might provide more insight into the Federal Reserve’s thinking about interest rates.

The S&P 500 closed 0.5% lower. The benchmark index was coming off its best month in more than a year, and reached its highest level since March 2022 on Friday.

The Dow Jones industrial average slipped 0.1%, while the Nasdaq composite dropped 0.8%.

Treasury yields rose broadly, putting some pressure on stocks. The yield on the 10-year Treasury, which influences mortgage rates, climbed to 4.25% from 4.21% late Friday.

Technology and communication services companies were the biggest weights on the market. Microsoft fell 1.4%, Nvidia dropped 2.7%, Meta Platforms slid 1.5% and Netflix lost 2.5%.

Alaska Air Group slumped 14.2% after announcing it will buy Hawaiian Airlines for $1 billion in cash plus the assumption of debt.

Spotify surged 7.5% after announcing its third round of layoffs this year. Uber gained 2.2% after the ride-hailing service was named to join the S&P 500 index.

All told, the S&P 500 fell 24.85 points to 4,569.78. The Dow dropped 41.06 points to 36,204.44, and the Nasdaq gave up 119.54 points to 14,185.49.

Markets ended mixed in Europe and Asia.

The Institute for Supply Management will release its November report on the services sector on Tuesday.

Investors also will be closely watching the government’s monthly jobs report for November, which is on Friday.

Benchmark U.S. crude oil for January delivery fell $1.03 to $73.04 per barrel Monday. Brent crude for February delivery fell 85 cents to $78.03 per barrel.

Gold for February delivery fell $47.50 to $2,042.20 per ounce. Silver for March delivery fell 95 cents to $24.91 per ounce, and March copper fell 9 cents to $3.84 per pound.

Wheat for December was up 18.75 cents at $5.9575 a bushel; December corn fell 4.25 cents at $4.6025 a bushel, December oats gained 10.75 cents at $4.055 a bushel; while January soybeans was down 18.75 cents at $13.0625 a bushel.

— Associated Press