Stocks Retreat Ahead of Jobs Data That Could Sway Fed Rate Plans
• Stocks slipped on Monday ahead of job market reports this week that may give insight into Fed interest rate thinking • S&P 500 fell 0.9% after reaching 1-year high on Friday; Dow fell 150 points • Treasury yields rose, putting pressure on stocks; 10-year yield hit 4.29% • Technology companies like Microsoft and Apple weighed on the market • Investors await economic updates this week on the services sector and the broader jobs market