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Barchart
Rich Asplund

Stocks Finish Modestly Lower Due to Rising Bond Yields

United States Elon Musk US Federal Reserve Blackstone Citigroup JPMorgan Chase KeyBanc Capital Markets Tesla Inc. Wall Street Journal Wolfe Research

The S&P 500 Index ($SPX) (SPY) Monday closed down -0.04%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.05%. 

Stock indexes on Monday closed slightly lower as the 10-year T-note yield rose to a 4-1/2 month high.  Stronger-than-expected US economic news and recent hawkish Fed comments have curbed expectations for Fed rate cuts.

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