Market Reacts as 10-Year Treasury Yield Surpasses 5%

Stocks closed mixed on Monday as the Dow Jones Industrial Average fell 0.6% and the S&P 500 dropped nearly 0.2%, while the Nasdaq Composite rose about 0.3%. The benchmark 10-year Treasury yield briefly rose above 5% before retreating, causing market volatility. Investors are bracing for key economic data later in the week, including third-quarter GDP and the Fed's preferred inflation gauge. In deal news, Chevron announced its acquisition of Hess for $53 billion, while Arm stock rose after a partnership with Nvidia was revealed. Apple's film "Killers of the Flower Moon" represents a shift in strategy as the tech giant focuses on theatrical releases to drive subscribers to Apple TV+.