Ammon News - Wall Street stocks closed lower on Monday, backing away from record highs, while U.S. Treasury yields ticked higher as investors looked ahead to key jobs data and Federal Reserve Chair Jerome Powell's congressional testimony later in the week.
After European stocks backed off from record highs, the major U.S. equity indexes followed suit, failing to eke out further gains following Friday's record-setting rally.
The S&P 500 closed modestly lower, while the Nasdaq and the Dow registered more pronounced declines.
The Dow Jones Industrial Average (.DJI), fell 97.55 points, or 0.25%, to 38,989.83, the S&P 500 (.SPX), lost 6.13 points, or 0.12%, to 5,130.95 and the Nasdaq Composite (.IXIC), 67.43 points, or 0.41%, to 16,207.51.
Reuters
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