Stock Market Today: Stocks Reverse Lower as Treasury Yields Spike

A good-news-is-bad-news retail sales report lowered rate-cut expectations and caused government bond yields to surge.

closeup of digital bar chart with green bars going up and red bars going down
(Image credit: Getty Images)

Stocks opened higher Monday as bargain hunters swooped in and market participants cheered a solid retail sales report. The buying power ran out of steam around lunchtime, though, with the main benchmarks closing in negative territory.  

The Nasdaq Composite logged a third straight weekly loss last Friday, while the S&P 500 and the Dow Jones Industrial Average each finished lower for a second consecutive week. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at 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.