NEW YORK – The S&P 500 and Nasdaq fell Monday as rising government bond yields and the prospect of rising inflation sparked valuation concerns and stocks of soaring growth companies

The Dow Index, on the other hand, was higher, reflecting a 5% increase at Walt Disney Co

US. Benchmark 10-year government bond yields rose to 136% on Monday Since early February, 10-year yields have risen 26 basis points, on the way to their biggest monthly gain in three years

“Investors are a little nervous because government bond yields are rising so quickly, and it’s been a pretty quick move in a short amount of time,” said Lindsey Bell, chief investment strategist at Ally Invest in Charlotte, North Carolina

“What investors are grappling with … is what this means from an inflation perspective. Because of this, there is a bit of a tantrum in the market right now,” she added

Federal Reserve Chairman Jerome Powell is expected to address the Senate Banking Committee Tuesday Investors are expected to be looking for possible changes in the central bank’s cautious outlook over the past few months

Shares in Apple Inc, Microsoft Corp, Alphabet Inc, Tesla Inc, and Amazoncom Inc resumed their slide from the previous week, falling between 09% and 5%

The broadly bullish fourth quarter earnings had pushed Wall Street major indices to record highs early last week, but the rally slowed, partly due to fears of a possible plunge in US Vaccination efforts and inflation concerns arising from a number of stimulus measures

In the afternoon session, the Dow Jones Industrial Average rose 13,726 points, or 044%, to December 31In 63158 the S&P 500 lost 83 points or 021% to 389841 and the Nasdaq Composite fell 19570 points, or 141%, to 1367876

The S&P 500 was on its way to a five-day losing streak, its worst in a year

Value stocks outperformed growth stocks in February Investors are looking for a rebound in industrial activity and a revival in consumer demand as countries introduce vaccines to tame the pandemic

The S&P 500 industrial and financial sector rose 08% and 11%, respectively, while energy stocks rose 4.5% on higher oil prices [O / R

Discovery Inc jumped 95% after the media company announced it expected 12 million subscribers to paid streaming worldwide by the end of February, as coronavirus-induced restrictions kept people at home

Kohls Corp gained 79% after a group of activist investors named nine directors to the department store chain’s board of directors

Principal Financial Group Inc added 88% following a media report that activist investor Elliott Management Corp had acquired a stake in the life insurance company and was planning to push for changes

Advancing issues outperformed declining issues on the NYSE by 114-to-1 ratio; on Nasdaq, a 1The ratio of 17 to 1 favored the decline

The S&P 500 posted 71 new 52-week highs and no new lows The Nasdaq Composite posted 252 new highs and 10 new lows (Reporting by Gertrude Chavez-Dreyfuss in New York Additional reporting by Devik Jain and Shreyashi Sanyal in Bengaluru Editing by Matthew Lewis)

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Nasdaq, s&p 500

World News – CA – Nasdaq, S&P 500 falling, pressured by rising U.S. Treasury returns

Source: https://financialpost.com/pmn/business-pmn/nasdaq-sp-500-fall-pressured-by-rising-u-s-treasury-yields