Rising Treasury Yields Pull Stocks Lower

Updated Dec. 4, 2023 5:30 pm ET

Stocks, bonds and precious metals retreated Monday, reversing course after markets last week extended a monthlong stretch of gains. 

Higher bond yields weighed on shares of large technology companies, pressuring the broader stock market. The tech-focused Nasdaq Composite lost 0.8%, and the benchmark S&P 500 dropped 0.5%. The Dow industrials slipped 0.1%, or 41 points, snapping a four-day win streak.

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