Markets Fall Amid New 2-Year High For 10-Year Treasury Note

U.S. indices fell Monday in anticipation of expected Fed rate hikes this year as the Fed seeks to curb inflation.

A rise in bond yields has pressured technology and growth stock valuations. The 10-year Treasury yield hit an intraday and 2-year high of 2.784% Monday morning before dipping to around the 2.7% level.

  • The Nasdaq composite finished lower by 2.35% to 13,990; The Invesco QQQ Trust Series 1 QQQ lost 2.37% to $340.89
  • The S&P 500 traded lower by 1.68% to 4,412; The SPDR S&P 500 ETF Trust SPY lost 1.71% to $439.92
  • The Dow Jones composite finished lower by 0.77% to 11,582; The SPDR Dow Jones Industrial Average ETF Trust DIA finished lower by 1.21% at $343.19

Here are the day's winners and losers from the Nasdaq-100, according to data from Benzinga Pro.

Ross Stores, Inc. ROST, NetEase Inc NTES and Okta Inc OKTA were among the top gainers for the Nasdaq Monday.

NVIDIA Corporation NVDA, IDEXX Laboratories, Inc. IDXX and Tesla Inc TSLA were among the top losers for the Nasdaq-100.

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