The Globe and Mail reports in its Tuesday edition that the Dow and S&P 500 experienced a slight decline Monday, the first trading day after their biggest weekly percentage gains this year. A Reuters dispatch to The Globe reports that investors are eyeing the Federal Reserve's upcoming decision on interest rates and key inflation data that are scheduled to be released later this week. Last week, the Fed kept its guidance for three interest-rate cuts in the current year. As a result, the S&P 500 and Dow had robust gains, while the Nasdaq recorded its biggest weekly percentage gain since mid-January. On Monday, Chicago Fed President Austan Goolsbee said he had penciled in three rate cuts for this year, while Fed Governor Lisa Cook said the Fed needs to proceed with caution. Themis Trading's Joe Saluzzi said, "It's a breather, the market has held really well, so people are waiting, there's a lot of people waiting for that pullback." He added: "What the Fed did was give the all clear for now, it's really interesting what they are doing. They're not cutting anything yet they just keep delaying it and the market is fine with that, but they're doing a good job right now of saving the bullets for when they need them."