WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
The Dow Jones Industrial Average lost 34.99 points, or 0.1%, to end at 33,891.02. The 30-stock index made up some ground after losing more than 240 points earlier in the session. The S&P 500 slid 0.61% to close at 4,111.08.
Investors were taking some profits after the stock market’s hot start to the year. The S&P 500 is up more than 7% for 2023, while
Treasury bond yields rose, with the benchmark 10-year yield up by nearly 11 basis points at 3.64% and the 2-year yield adding around 18 basis points to 4.48%. The ICE U.S. Dollar Index rose as much as 0.76% Monday, further contributing to the decline in stocks.
E-Mini Nasdaq
U.S. stocks fell Monday, led downward by the tech-heavy Nasdaq Composite, as investors grew increasingly cautious of rising bond yields.
The Nasdaq Composite has advanced for the last five weeks, a streak not seen since November 2021.
Investors will also watch Tuesday for Federal Reserve Chairman Jerome Powell’s remarks before the Economic Club of Washington. Last week, Powell’s comments on disinflation caused investors to bid shares higher and overlook another rate hike out of the central bank.
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