CENTRAL BANKS IN FOCUS
Investors will also parse commentary from Federal Reserve Chair Jerome Powell on Wednesday, while European Central Bank President Christine Lagarde is scheduled to speak later in the week.
Both central bank chiefs are expected to lay out their outlook for interest rates, which could offer investors fresh clues on positioning.
“They are going to try and be as non-committal as they possibly can. I don’t think either of them is going to want to box themselves into a particular policy path at this point,” Brown said.
Consumer staples stocks slipped 2.72 per cent and were the biggest drag on the benchmark, while healthcare companies also fell 2 per cent.
Banks were insulated from the selloff, rising 1.22 per cent for their third straight day of gains.
Among individual movers, computer peripherals maker Logitech fell 6.07 per cent. UBS downgraded the stock to “neutral” from “buy”, while lowering its price target.
Diploma jumped 17.79 per cent to a record high after it raised fiscal 2026 guidance.