Wall Street holds at a standstill near its record heights

Wall Street held near its record heights on Monday, ahead of a week likely to be dominated by updates from the head of the Federal Reserve and from some of the biggest U.S. retailers.

- By Stan CHOE

RICHARD DREW Associated Press TRADER Michael Milano concentrates as he works Monday on the New York Stock Exchange floor.

The S&P 500 barely budged and fell by less than 0.1%, coming off its first loss after setting an all-time high in three consecutive days. The Dow Jones industrial average slipped 33 points, or 0.1%, and the Nasdaq composite edged up by less than 0.1%.

Novo Nordisk’s stock that trades in the United States rose 3.7% after the Danish company said U.S. regulators approved its Wegovy drug as part of a treatment for a liver disease found in many overweight and obese people.

Soho House, a membership club with locations around the world, jumped 14.9% after announcing a deal in which an investor group led by hotel-operator MCR would pay $9 in cash forits shares.

Several of the country’s largest retailers, meanwhile, were mixed ahead of their profit reports that are scheduled for later in the week. Home Depot, which will report on Tuesday, slipped 1.2%.

Target rose 19% ahead of its report on Wednesday, and Walmart added 0.7% before its report on Thursday.