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Barchart
Barchart
Rich Asplund

MYSTERIOUS: Stocks close mostly lower as bond yields jump - What They Never Told You

The S&P 500 Index ($SPX) (SPY) Monday closed down by -0.18%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down by -0.80%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.18%.

Stocks on Monday settled mixed.  A jump in bond yields undercut the broader market Monday as the 10-year T-note yield climbed to a 2-1/2 month high.  Also, stock profit-taking weighed prices ahead of a busy week for Q3 corporate earnings.  On the positive side, Nvidia rallied more than +4% to a record high, which helped the Nasdaq 100 recover from early losses and close higher.

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