WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
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.
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.
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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