(CNBC) -- U.S. stocks fell slightly from record levels on Monday as muted trading resumed before the release of widely-watched inflation data and first-quarter earnings.
The Dow Jones Industrial Average slipped 120 points from a closing high hit in the previous session. Boeing was the biggest decliner in the blue-chip Dow, falling 2%. The S&P 500 dipped 0.1%, while the Nasdaq Composite fell 0.4%.
Wall Street has been relatively quiet with the S&P 500 moving within 1% for five sessions in a row. Market volatility has declined to pre-pandemic levels amid rising reopening optimism. The Cboe Volatility Index, AKA the VIX or the market’s fear gauge, has traded below 18 for the past four days, a level unseen since February 2020.
Advertisement - story continues below