U.S. stocks drifted lower on Monday to compound their sharp losses from last week.

The S&P 500 dipped 0.5% after flipping between small gains and losses several times through the day. The relatively modest moves followed its 1.7% tumble on Friday, which came after several weaker-than-expected reports on the U.S. economy.

The Dow Jones industrial average added 33 points, or 0.1%, while the Nasdaq composite fell 1.2%.

Berkshire Hathaway climbed 4.1% for one of the market’s bigger gains after Warren Buffett’s company reported a jump in operating profits for the latest quarter. But even there, the good news came with a bit of caution. The owner of Geico, BNSF railroad and other businesses said over the weekend that it’s sitting on a mountain of $334.2 billion in unused cash. Such a large amount could indicate Buffett, who’s famous for buying stocks when prices are low, may not see much worth purchasing in a market that critics say looks too expensive.

Starbucks rose 1.3% after saying it would cut 1,100 corporate jobs and leave several hundred more positions unfilled as new CEO Brian Niccol tries to make it a leaner operation.

Domino’s Pizza sank 1.5% after reporting results for the latest quarter that just missed analysts’ expectations.

Big U.S. companies have broadly been reporting better profits for the last three months of 2024 than analysts expected, which is one of the main reasons the S&P 500 set a record before sliding at the end of last week.

Nvidia’s stock bounced between gains and losses through Monday, helping to pull the S&P 500 and other indexes up and down in its wake. It ended up falling 3.1% and was the heaviest single weight on the S&P 500.

Other big profit reports due this week include Home Depot’s on Tuesday and Salesforce’s on Wednesday.

All told, the S&P 500 fell 29.88 points to 5,983.25. The Dow added 33.19 to 43,461.21, and the Nasdaq composite fell 237.08 to 19,286.92.

In the bond market, Treasury yields eased ahead of the upcoming reports. The yield on the 10-year Treasury slipped to 4.40% from 4.43% late Friday.

— Associated Press