US stocks close mixed as investors mull infrastructure bill and the pace of global growth

• US stocks fell from record highs on Monday amid a steep sell-off in commodity prices.
• The selling came after Goldman Sachs lowered its economic growth outlook for China.
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US stocks were mixed on Monday, with the S&P 500 falling from record highs as the Nasdaq Composite edged higher.

The move on came amid a steep sell-off in commodity prices that was sparked by economic growth concerns. Meanwhile, investors mulled the continued progress of a $1 trillion US infrastructure bill.

Oil prices fell as much as 5% to around $65 per barrel on Monday, representing a decline of 13% from last months high of $75. The decline in oil prices came after Goldman Sachs lowered its economic growth forecast for China.

Goldman said the spread of the Delta variant of COVID-19 in China represents a challenge for the country due to low vaccination rates. The bank lowered its third-quarter China GDP forecast to 2.3% from 5.8% in a Monday note.

Here's where US indexes stood at the 4 p.m. ET close on Monday:

• S&P 500: 4,432.35, down 0.1%
• Dow Jones Industrial Average: 35,101.85, down 0.3% (107 points)
• Nasdaq Composite: 14,860.18, up 0.2%

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Richard Branson's Virgin Atlantic is planning to go public on the London stock market as it bets on pent-up demand for air travel, according to Sky News.

Oil prices slid. West Texas Intermediate crude was down as much as 4.6%, to $65.15 per barrel. Brent crude, oil's international benchmark, fell 4.4%, to $67.60 per barrel, at intraday lows.

Gold fell as much as 4%, to $1,690.61 per ounce.