Treasury yields rose in early trading but have also reversed.
Stocks are coming off a two-week rally during which the S&P 500 gained 7.2%, rising in nine of 10 sessions.
This week’s big markets event: Tuesday’s inflation reading, which is expected to show U.S. consumer-price growth slowed last month.
Yields edged up late Friday after Moody’s Investors Service cut its outlook for the U.S. government’s credit rating to negative.
Weakening demand has pulled down crude prices recently, helping damp inflation.
Persons:
Biden, Stocks, Dow
Organizations:
Dow Jones, Nasdaq, Boeing, Nvidia, Treasury, Moody’s, Service, U.S, Overseas
Locations:
San Francisco, Europe