Skip to content

Stocks Waver in Choppy Trade, Long-End Bonds Fall: Markets Wrap

  • Bank of America gains after reporting quarterly earnings
  • Higher oil, natural gas prices highlight inflation risks
Video player cover image
WATCH: Former U.S. Treasury Secretary Larry Summers on whether the U.S. has reached peak inflation, Elon Musk’s bid for Twitter and more.
Updated on

U.S. stocks ended little changed in thin trading Monday and Treasuries ticked lower at the long-end of the curve as investors focused on corporate results and prospects for faster policy tightening by the Federal Reserve.

The S&P 500 closed down less than 0.1%, after swinging between narrow gains and losses on volumes almost 20% below the 30-day average in the first trading day following a long holiday weekend. Bank of America Corp. was poised for the biggest daily advance in more than a month as the bank joined a string of earnings beats by big lenders such as Morgan Stanley and Citigroup Inc. Markets in much of Europe were shut for Easter.