U.S. stocks were lower in early afternoon trading Monday, with declines in consumer discretionary, industrials and technology stocks offsetting gains in energy stocks.
The S&P 500 index on Wall Street lost 0.1%. Consumer discretionary, industrials and technology were the benchmark’s worst performing sectors, down 0.5%, 0.4% and 0.3% respectively. The energy sector remained the best.
The tech-heavy Nasdaq Composite rose 0.1%.
Government bonds weakened as yields rose. The yield on the monetary policy-sensitive two-year Treasury note rose 0.03 percentage point to 4.63 percent, while the yield on the benchmark 10-year bond rose 0.04 percentage point to 4. 26%.