Stock market today: Wall Street pulls back from its records ahead of a big week for profit reports

NEW YORK — U.S. stocks pulled back from their all-time highs as some of the steam came out of Wall Street’s long, record-breaking rally. The S&P 500 fell 0.2% Monday, coming off its sixth straight winning week, its longest such streak of the year. The Dow Jones Industrial Average lost 0.8% from its own record that was likewise set on Friday, while the Nasdaq composite rose 0.3%. Crude oil prices rose to regain some of last week’s sharp losses, while U.S.

The rise in yields helped knock down stocks that tend to get hurt by higher interest rates, such as big dividend payers and businesses in the housing industry. Real-estate owners fell to the sharpest loss among the 11 sectors that make up the S&P 500 index, while homebuilders Lennar and D.R. Horton both fell at least 3%.

That puts pressure on companies to deliver growth in profits to justify their stock prices, and more than 100 companies in the S&P 500 are on deck to give details this week about their performances during the summer. That includes such heavyweights as AT&T, Coca-Cola, IBM, General Motors and Tesla. Spirit Airlines soared 52.2% after the carrier was able to extend a credit-card processing agreement. Coming into the day, the airline’s stock had lost 91% in the year so far following the cancellation of its planned merger with JetBlue.

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