The S&P 500 Index ($SPX) (SPY) on Monday closed down by -0.43%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down by -0.77%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.31%. September E-mini S&P futures (ESU25) fell -0.37%, and September E-mini Nasdaq futures (NQU25) fell -0.26%.
Stock indexes settled lower on Monday and gave back some of last Friday’s sharp rally. Concerns about tariffs and their impact on inflation and corporate profits weighed on stocks. Also, higher bond yields were negative for stocks, as the 10-year T-note yield rose +3 bp to 4.28%. Stock indexes recovered from their worst levels on strength in chip makers.
