U.S. stocks finish slightly lower Monday after a choppy session
All three major stock benchmarks ended with small losses Monday, after a choppy trading session, as investors braced for companies’ earnings season for the first quarter to move into full swing this week. The Dow Jones Industrial Average closed down 0.1% while the S&P 500 dipped less than 0.1% and the Nasdaq Composite fell 0.1%, according to preliminary FactSet data. Stocks slipped as the yield on the 10-year Treasury note extended its rise Monday to 2.861%, according to Dow Jones Market Data. Investors continued to worry about the impact of rising interest rates on the stock market and a slowing economy, with Goldman Sachs economists predicting the U.S. faces a 35% chance of recession in the next two years.
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