The S&P 500 Index ($SPX) (SPY) on Monday closed down by -0.01%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down by -0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.01%. September E-mini S&P futures (ESU25) fell -0.03%, and September E-mini Nasdaq futures (NQU25) fell -0.02%.
Stock indexes on Monday settled little changed, pressured by higher bond yields. Last Thursday’s bearish July PPI reported dampened speculation that the Fed could cut interest rates as soon as next month’s FOMC meeting. The 10-year T-note yield rose to a 2-week high Monday at 4.35% and finished up +2 bp to 4.34%.
