- US
stocks finished down Monday after a volatile session as investors look ahead to a big week of earnings reports. - The bond sell-off continued, with the 10-year Treasury yield rising more than 5 basis points.
US stocks traded up and down all day before finishing lower on Monday as the bond sell-off continued while investors look ahead to a big week of earnings reports.
Netflix headlines Tuesday's earnings, and Tesla follows up on Wednesday. Other earnings on deck for this week include IBM, Procter & Gamble, Johnson & Johnson, and Verizon. Early Monday, Bank of America beat first-quarter expectations, driven by $4.
The $4 jumped to a fresh three-year high, moving above 2.87% at one point, before paring gains to climb 5.2 basis points to 2.86%.
Here's where US indexes stood as the market closed at 4:00 p.m. ET on Monday:
- S&P 500>$4: 4,391.69, down 0.02%
- Dow Jones Industrial Average>$4: 34,411.69, down 0.11%
- Nasdaq Composite>$4: 13,332.36, down 0.14%
Earnings season is revealing that Wall Street is turning bearish $4 amid strong consumer demand, according to analysts at Bank of America.
Morgan Stanley, for its part, warned that inflation is no longer a net positive for earnings growth. Now, cost pressures are $4.
Top economist Mohamed El-Erian said Monday that $4if the Federal Reserve were to raise its inflation target to 3%, as it would give the central bank some more breathing room.
Meanwhile, the World Bank $4 due to
Oil climbed, with $4 up 0.75% to $107.75 a barrel. $4, the international benchmark, rose 1.04% to $112.86 a barrel.
$4 edged up 0.40% to $1,982.80 per ounce. $4 rose 0.55% to $40.473.79.