US stocks declined on Monday following a strong performance last week, during which the Dow Jones Industrial Average and S&P 500 closed at record highs. The Dow fell 161 points, or 0.3%, while the S&P 500 slipped 0.2% and the Nasdaq Composite lost 0.1%. This week, historically the weakest for the S&P 500 per Citadel, will see the release of the Fed’s preferred inflation gauge, the personal consumption expenditures (PCE) price index. Atlanta Federal Reserve President Raphael Bostic said he does not currently see a need for further interest rate reductions this year, citing inflation concerns. Optimism from Goldman SachsCopy link to sectionAmid these cautious signals, Goldman Sachs raised its annual S&P 500 target to 6,800, up from its previous forecast of 6,600.