Stock Market Today: Dow Officially Enters a Bear Market After Monday's Slide

Casino stocks were a pocket of strength after Macau said it will ease COVID-related travel restrictions in November.

stock market chart moving lower
(Image credit: Getty Images)

Selling in the stock market picked right back up Monday, and despite a brief mid-morning push into positive territory, the major indexes still ended lower.

"Despite a quiet global economic data front, this weekend and Monday morning have been anything but quiet as global yields are surging to record highs," said Stefanos Bazinas, execution strategist at the New York Stock Exchange. Indeed, both the 2-year Treasury yield (+10.5 basis points to 4.319%) and the 10-year Treasury yield (+20.3 basis points to 3.90%) continued to climb, hitting levels not seen in over a decade.

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.