Posted 11/27/2023, 9:10:00 PM
Stocks Mixed as Cyber Monday in Focus, Yields Drop
- U.S. stocks ended mixed on Monday, with the S&P 500 down 0.2% and the Dow losing 0.16%, while the Nasdaq was barely changed
- The focus was on retail stocks on Cyber Monday after record $9.8B in online Black Friday sales
- Economic data showed a drop in new home sales and contraction in Texas manufacturing activity
- Treasury yields fell across the curve, with the 10-year yield down 10 basis points to 4.38%
- Crown Castle stock jumped on news of activist Elliott taking a stake, while GE HealthCare sank after a UBS downgrade