U.S. stocks seesawed Monday but ended the day lower as Wall Street waited for another round of earnings and key data from the retail sector.

The S&P 500 (^GSPC) sunk by 0.9% on the day, while the Dow Jones Industrial Average (^DJI) was down by 0.6%, or more than 200 points. The technology-heavy Nasdaq Composite (^IXIC) fell by 1.1%.

Stocks had ended last week with their biggest gains in months, with lighter inflation data sparking hopes among investors that a monetary policy shift is near. The S&P 500 rose nearly 6%, while the Nasdaq added around 8% for the week.

Treasury yields advanced Monday, and the dollar held firm following weekend comments from Federal Reserve Governor Christopher Waller, who said the central bank still has "a ways to go" with interest-rate hikes.

"This isn’t ending in the next meeting or two," he said.

The comments echoed hawkish remarks this month from Fed Chairman Jerome Powell and reinforcement from other colleagues who also reaffirmed that rate increases were far from over.

Some individual stocks that were trending on Yahoo Finance on Monday:

• Tyson Foods (TSN): The beef and poultry producer reported quarterly earnings that missed expectations, while sales rose above forecasts as the high inflationary environment weigh on margins.

• Oatly Group AB (OTLY): The Swedish maker of oat-based dairy products posted a wider-than-expected third-quarter loss and revenue that fell short of estimates.

• AMC Entertainment Holdings, Inc. (AMC): AMC Chief Executive Adam Aron said on Thursday to Yahoo Finance Live that the company will still accept cryptocurrencies, despite the collapse of FTX. The stock has fallen over 72% this year.

• SNDL Inc. (SNDL): Theliquor and cannabis retailer posted a loss in the third quarter, compared with profit in the year-ago quarter.

• Amazon (AMZN): Amazon plans to lay off about 10,000 employees in what would be the largest reduction in the company's history, according to reports. The mass layoffs could begin as soon as this week and will focus on Amazon's devices organization, retail division, and human resources department. The move also follows Facebook parent Meta (META), Twitter, and other tech companies that have laid off thousands of employees this month. Amazon stock was down more than 2% on Monday.

• Hasbro (HAS): Shares of Hasbro dropped after Bank of America analysts downgraded the stock from a buy to underperform. The concern cited that the company was "destroying the long-term value" of its "Magic: The Gathering" card game.