(CNBC) — U.S. stocks fell Monday as investors grew increasingly cautious of rising bond yields while watching latest batch of corporate earnings.
The Dow Jones Industrial Average lost 36 points, or 0.1%, making up some ground after losing more than 240 points earlier in the session. The S&P 500 slid 0.6, while the Nasdaq Composite dropped 1%.
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Investors were taking some profits after the stock market’s hot start to the year. The S&P 500 is up more than 7% for 2023, while the Nasdaq Composite has advanced for the last five weeks, a streak not seen since November 2021.
