The S&P 500 closed at its lowest level in more than a month, dragged by declines in big-tech firms including Apple Inc., Microsoft Corp. and Amazon.com Inc. The tech-heavy Nasdaq 100 slid 1.4%. Walt Disney Co. ended Monday’s session at its lowest since March 2020 after a somewhat disappointing opening weekend for the company’s Avatar: The Way of Water.
Treasuries fell, led by longer-dated securities, as traders speculated about the potential for a hawkish pivot from the Bank of Japan. The benchmark 10-year yield rose the most since October. The dollar wavered as investors mulled the Fed’s rate outlook ahead of fresh economic data this week. Investors are still on the edge after recent remarks from the Fed and other hawkish central banks across the globe. Risk assets have taken a hit since US policymakers last week signaled a peak rate that was above market expectations.
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