(CNBC) — U.S. stocks closed lower on Monday as investors weighed multi-month highs in bond yields amid greater expectations of tightening following Friday's strong jobs report. (Tweet This)
The Dow Jones industrial average traded about 70 points lower, falling into negative territory for the year as the broader stock market declined.
"I think everybody's a little unsettled about the way U.S. and European bond markets sold off in the last week," said David Kelly, chief global strategist at J.P. Morgan Funds.
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