* U.S. stocks lower in midday New York trading
* Gold climbs, dollar near flat
* All eyes on Federal Reserve later in the week (Updates with oil settlements)
By Caroline Valetkevitch
NEW YORK, May 17 (Reuters) – Stock indexes were lower globally on Monday with technology shares on Wall Street falling, while U.S. Treasury yields traded little changed even after a report showing the highest prices ever paid in a May manufacturing survey for New York State.
The S&P 500 technology sector was down 0.9% and was the biggest drag on the benchmark index.
Concerns over inflationary pressure helped to lift gold prices to their highest in more than three months, however.
The Empire State Manufacturing Survey, produced by the New York Fed, showed the prices paid index rose to a record 83.5, the highest since the data series began in 2001, said Tom Simons, money market economist at Jefferies & Co.