Dow falls more than 100 points to start the week, S&P 500 struggles to reach new high; European stocks close higher as U.S. inflation data dominates week ahead 
The S&P 500 fell slightly on Monday as the benchmark struggled to make a run at a record high after a winning week. 
The broad equity benchmark dipped about 0.1% to 4,226.52, sitting 0.3% from its intraday record high earlier in May. Materials and industrials were the biggest losing sectors on Monday, weighing on the S&P 500. The Dow Jones Industrial Average fell 126.15 points, or 0.4%, to 34,630.24. The Nasdaq Composite eked out a 0.5% gain at 13,881.72. 
Meme stocks were back in the spotlight again this week. AMC rallied as much as 25% on Monday and closed nearly 15% higher, while GameStop and BlackBerry also popped double digits. Most of these speculative stocks slid into the red last Friday — despite massive gains — after volatile trading. 

European stocks closed slightly higher Monday, despite fears over rising inflation. 
The pan-European Stoxx 600 index ended the session up about 0.2%. Autos shares were the best performers, climbing 0.9%, while basic resources were the laggards, slipping 1.6%. 
Looking at individual stocks, shared office provider IWG sank over 10% to the bottom of the Stoxx 600, having fallen as much as 16% earlier in the day after warning of a sharp drop in profits due to the emergence of new Covid variants. 
Source: CNBC