The Dow and S&P 500 slipped on Monday, but the latter saw another intraday record high following news that Nvidia's (NVDA) competitor Super Micro Computer (SMCI) will become one of its components later this month. The Nasdaq settled lower as well amid Apple's (AAPL) antitrust woes in Europe, though it remains near its recent peak. Investors seem to be in a holding pattern ahead of this week's jobs data and testimony from Federal Reserve Chairman Jerome Powell before Congress.

More Record Highs For Gold Prices

Oil prices fell on Monday, after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) extended voluntary production cuts for the second quarter in a largely anticipated move. April-dated West Texas Intermediate (WTI) crude dropped $1.23, or 1.5%, to finish at $78.74 per barrel.

Meanwhile, gold prices settled at a fresh record high amid hopes the Federal Reserve will begin cutting interest rates in the second half of 2024. April-dated gold rose $30.60, or 1.6%, to settle at $2,126.30 per ounce.

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