From Nasdaq Inc.: 2024-04-15 18:12:03

Stock indexes including the S&P 500, Dow Jones, and Nasdaq closed lower on Monday due to higher bond yields and weak tech stocks. Geopolitical tensions in the Middle East weighed on markets, with concerns about Israel retaliating against Iran. Israeli Defense Minister Gallant stated that retaliation was necessary. US retail sales exceeded expectations in March, contributing to market movements.

US 10-year T-note yield rose to a 5-month high of 4.661% on Monday, impacting T-note prices. Rising inflation expectations and hopes for diplomatic resolutions to conflicts influenced bond markets. Eurozone saw industrial production rise as ECB members hinted at potential rate cuts to boost the economy. US stock movers included Salesforce, Atlassian, Tesla, and Molina Healthcare.

Despite early gains, major US stock indexes closed lower on Monday due to geopolitical tensions and bond market movements. Stronger-than-expected US retail sales data contributed to markets shifting. ECB members have hinted at potential rate cuts to boost the Eurozone economy. US stock movers included Salesforce and Tesla, which experienced significant losses during the trading session.



Read more at Nasdaq Inc.: Stocks Retreat on Rising Bond Yields and Weakness in Megacap Tech Stocks