@@ -1,1 +1,1 @@ - +<br>By Shreyashi Sanyal and Amruta Khandekar<br> <br>June 27 (Reuters) - Wall Street's main indexes fell after opening higher on Monday, as a rally last week on easing concerns over inflation lost steam, with high-growth stocks leading declines.<br> <br>"We had a nice rally last week, so I think we're seeing a little bit of profit taking this morning," said Dennis Dick, a proprietary trader at Bright Trading LLC in Las Vegas.<br> <br>"The stocks that were up the most last week are the ones getting hit the hardest here today."<br> <br>The tech-heavy Nasdaq Composite index, which gained 7.5% last week, fell 0.7% to lead declines among the three major indexes.<br> <br>Investors were betting on the retreat in oil prices from the three-month highs hit in June to potentially ease inflationary pressures and likely push the Federal Reserve to moderate its aggressive policy tightening.<br> <br>However, data on Monday showed new orders for U.S.-made capital goods and shipments increased solidly in May, pointing to sustained strength in business spending on equipment in the second quarter.<br> <br>Oil prices also moved back into positive territory, pushing up the S&amp;P 500 energy index by 2.2%, reining in expectations for inflation falling on the back of lower energy prices.<br> <br>The U.S.<br><br>central bank has rapidly raised interest rates to tame 40-year-high inflation, stoking fears its actions could tip the world's largest economy into a recession.<br> <br>After the benchmark S&amp;P 500 index earlier this month recorded a 20% drop from its January closing peak to confirm a bear market, investors have been trying to gauge when the market might hit its bottom.<br> <br>At 10:11 a.m.<br>ET the Dow Jones Industrial Average was down 76.62 points, or 0.24%, at 31,424.06, the S&amp;P 500 was down 13.94 points, or 0.36%, [http://leon-zerkalo-bets6.buzz "http://leon-zerkalo-bets6.buzz] at 3,897.80 and the Nasdaq Composite was down 78.44 points, or 0.68%, at 11,529.19.<br> <br>Shares of Robinhood Markets rose 0.6% after media reports said Goldman Sachs upgraded the retail broker's stock to "neutral" from "sell".<br> <br>Goldman Sachs, however, cut rating on Coinbase Global Inc to "sell" from "buy", according to media reports, sending shares of the cryptocurrency exchange lower by 9.4%.<br> <br>Declining issues outnumbered advancers for a 1.03-to-1 ratio on the NYSE and a 1.31-to-1 ratio on the Nasdaq.<br> <br>The S&amp;P index recorded one new 52-week high and 29 new lows, while the Nasdaq recorded 16 new highs and 41 new lows.<br><br>(Reporting by Shreyashi Sanyal and Amruta Khandekar in Bengaluru; Editing by Vinay Dwivedi)<br>