Stocks start mixed; banks, energy sectors gain, tech falls
https://apnews.com/f6dd56f9d5ebe5481d9361b18b9cc0e7
Stocks are off to a mixed start on Wall Street Monday as gains for banks and energy companies are checked by drops in the technology sector. The S&P 500 was off 0.4% in the early going, while the tech-heavy Nasdaq lost 1.1%. The Dow Jones Industrial Average was up 0.4%, however, and a measure of small-company stocks was also higher. Treasury yields continued to climb. The yield on the 10-year Treasury note rose to 1.49%, the highest since late June. That helped send bank stocks higher, and energy companies were also benefiting from a 2% rise in the price of crude oil.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.