Dow Jones posts third straight daily loss
Major US indices closed mixed on Monday as bond yields retreated from highs and ahead of Nvidia's quarterly results.
The yield on the two-year US Treasury note fell from a three-month high, and the US dollar index fell from its highest level in more than a year.
Investors are awaiting Nvidia's third-quarter earnings report on Wednesday to gauge demand for chips and the sustainability of the AI euphoria that has driven much of this year's market rally.
Performance of major US indices:
The Dow Jones Industrial Average fell 0.1%, or 55 points, on Monday, marking its third straight daily loss.
While the S&P 500 index rose 0.4% after two sessions of losses, but failed to regain the 5,900-point level at the close.
The Nasdaq Composite Index also rose 0.6%, ending a four-session losing streak.
Tesla shares
Tesla shares jumped about 6% in Monday's session to close near a 30-month high, as the company added $58 billion to its market value in a single day.
The gains came after a media report said members of President-elect Donald Trump's transition team were seeking to ease U.S. rules on self-driving cars.
Liberty Energy Shares:
Liberty Energy shares rose 5% on Monday, rebounding from near 10-month lows after news that U.S. President-elect Donald Trump would pick the company's CEO Chris Wright as energy secretary.
The company said in a statement that Wright will step down as CEO and chairman if he is confirmed as energy secretary, and Ron Gusick will be appointed CEO and William Kimball will be chairman.
