Stocks finished lower Monday, with the tech-focused Nasdaq leading the way down. A rapid ascent in bond prices halted. Oil extended its recent slide.
Hawaiian Airlines stock headed skyward, boosted by a $1 billion takeover by its Alaskan rival. Uber Technologies shares rose on news that the ride-hailing company will join the S&P 500.
Stocks slipped. The S&P 500, Dow industrials and Nasdaq Composite all ended the day lower after rising last week. The Nasdaq fell 0.8%. The Dow broke a four-day winning streak.
Chip stocks fell. An index of chip shares was off more than 1%. Intel, Nvidia and Advanced Micro Devices all retreated.
Shares of Spotify rose. The streaming giant is laying off 17% of its staff in an attempt to become profitable.
Ten-year Treasury yields rose to 4.286% after settling Friday at 4.225%. Yields have slumped lately on bets that the Fed will cut interest rates next year.
Bitcoin climbed above $41,000, putting it on course for its highest end-of-day level since April 2022.