U.S. stocks retreated Monday, but finished above session lows, as investors scaled back expectations for interest-rate cuts following last week’s strong June jobs report.

The Dow Jones Industrial Average fell 115.98 points, or 0.4%, to close at 26,806.14, while the S&P 500 index declined 14.47 points, or 0.5%, to finish at 2,975.95. The Nasdaq Composite Index declined 63.41 points, or 0.8%, to end at 8,098.38.

At session lows, the Dow had lost 177.25 points, or roughly 0.7%, the S&P retreated 20.29 points, also 0.7%, while the Nasdaq traded as many as 83.4 points lower, a loss of 1%.

Source : Market Watch