The S&P 500 Index ($SPX) (SPY) Monday closed down -0.20%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.60%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.21%.
Stock indexes on Monday settled mixed, with Nasdaq 100 posting a 1-week high. The broader market Monday gave up an early advance, with the S&P 500 falling from a new record high, after bond yields jumped on the stronger-than-expected US Mar ISM manufacturing index. The report was hawkish for Fed policy and may delay expected Fed rate cuts.
