Stocks Fall as Yields Dip on Growth Concerns: Markets Wrap
- 10-year Treasury yield falls as manufacturing growth softens
- S&P 500 erases earlier gain on upbeat earnings, dealmaking
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U.S. equities declined on Monday after Treasury yields extended a decline following softer-than-expected U.S. manufacturing growth amid lingering supply constraints.
The S&P 500, Dow Jones Industrial Average and Nasdaq 100 erased earlier gains as investors considered the impact of the 10-year Treasury yield hitting as low as 1.15% on Monday, putting concerns about growth in focus.