Stocks in Choppy Trading as Bond Yields Top 1.6%: Markets Wrap

Tesla comes off session lows after approaching a bear market
U.S., China seeking to stabilize ties with Biden-Xi summit

WATCH: Terri Jacobsen of UBS Private Wealth Management discusses the volatility in U.S. markets amid rising inflation, and the investment opportunities she sees.Source: Bloomberg

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By Rita Nazareth and Emily Graffeo

November 14, 2021 at 10:01 PM UTC

Updated on

November 15, 2021 at 9:24 PM UTC

This article is for subscribers only.

Stocks struggled for direction on Monday amid intense volatility in electric-car giant Tesla Inc. and a Treasury yield surge.

The S&P 500 came off session lows as Tesla pared losses after approaching a bear market, with an almost 20% plunge from a record. The company tumbled earlier in the day as Chief Executive Officer Elon Musk raised the idea of selling more of his shares. Treasuries slumped on speculation the Federal Reserve may have to speed up its reduction of asset purchases after the fastest inflation in three decades.