Stocks ended modestly lower on Wall Street Monday after giving up an early achieve and bouncing round for a lot of the day.
The indecisive buying and selling got here after the market posted its best week since November 2020 and because the chair of the Federal Reserve mentioned the central financial institution was ready to maneuver extra aggressively if want be to comprise inflation.
The S&P 500 slipped lower than 0.1%, the Dow Jones Industrial Average fell 0.6% and the Nasdaq fell 0.4%. Bond yields rose considerably. Crude oil costs rose simply over 7%.
Media scores company Nielsen sank 6.9% after rejecting an acquisition provide.
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