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Kiplinger
Kiplinger
Business
Karee Venema

Nasdaq Drops as Tech Stocks Slide: Stock Market Today

(Image credit: Getty Images)

All three main indexes opened higher Monday, but only one was in positive territory at the close. Tech stocks were the biggest decliners as bond yields continued to climb, while energy stocks outperformed as oil prices jumped to their highest level since early April.

At the close, the tech-heavy Nasdaq Composite was down 0.5% at 26,090 and the broader S&P 500 was off 0.07% at 7,403. The blue-chip Dow Jones Industrial Average was up 0.3% at 49,686.

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