The S&P 500 Index ($SPX) (SPY) Monday closed up +0.16%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.86%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.30%. March E-mini S&P futures (ESH25) are up +0.26%, and March E-mini Nasdaq futures (NQH25) are down -0.15%.
Stocks on Monday recovered from early losses and settled mixed, with Nasdaq 100 sliding to a 1-1/2 month low. Global stock markets were under pressure Monday from rising bond yields after last Friday’s stronger-than-expected US Dec payroll report diminished chances of additional Fed interest rate cuts. The US 10-year T-note yield today climbed to a 14-month high, and the 10-year German bund yield rose to a 6-1/4 month high.
