(Image by Gerald Wintersperger from Pixabay)
(CNBC) -- The S&P 500 fell slightly to start a big week of earnings, kicked off by Bank of America reporting better-than-expected results, while traders kept an eye on rates.
The benchmark index dipped 0.02% to 4,391.69. The Dow Jones Industrial Average slid 39.54 points, or 0.1%, to 34,411.69. The Nasdaq Composite lost 0.1%, falling to 13,332.36.
Stocks whipsawed in a rollercoaster session Monday after the 10-year Treasury yield reached its highest level since late 2018, trading at 2.884% at one point. The yield was at 1.71% to begin March, but has shot higher as the Federal Reserve pivoted to a more aggressive tightening stance. That change has weighed on stocks and triggered concerns about an impending recession.
The post Stocks fall slightly as investors brace for earnings reports, impact from higher rates appeared first on WND.
