Indices gave up their gains on Monday, as value sectors such as financials slightly countered tech advances.

Indices gave up their gains on Monday, as value sectors such as financials slightly countered tech advances, while Treasury rates continued to fall on persisting expectations that the Federal Reserve may delay its rate rise hike.

The S&P 500 gained 0.05%. The Dow dipped 0.25%, or 83 points, while the Nasdaq rose 0.8%.

The broader market was pushed down by financials and health care, with the latter affected by falls in DexCom, Baxter International Inc, and Regeneron Pharmaceuticals Inc, which sank more than 7% after reporting weaker sales of its Eylea therapy.

The 10-year Treasury yield in the United States plummeted to its lowest level in three weeks, continuing its decline from Friday, when the December employment data revealed cooling wage pressures, allowing rate-sensitive industries such as technology to thrive as investors priced in a less hawkish Fed.

Bets for the highest level of rates in Fed funds futures fell below 5% from a week earlier.

Apple, Microsoft, and Alphabet led the advances in technology, while NVIDIA rose more than 7% following a wave of encouraging Wall Street comments.

Wells Fargo selected Nvidia a top selection amid forecasts that the semiconductor industry slowdown will end in the first half of the year. According to Credit Suisse, Nvidia remains its top selection "based on derisked gaming and catalysts from Grace/Hopper [superchip] this year."

Broadcom slumped 1% after Apple stated it plans to phase out Broadcom processors in its iPhones by 2025, according to Bloomberg.

Meanwhile, Tesla led consumer discretionary stocks higher, extending its recovery after falling to new 52-week lows last week.

Energy, , traded flat, despite continued demand optimism from China's reopening and a lower currency, which pushed oil prices up.

In other developments, Bed Bath & Beyond surged 22% shortly before of the home goods retailer's quarterly results announcement, which is projected to reveal a $2.38 loss on $1.33 billion in revenue.

(Investing.com, cnbc.com)