Stocks Slide as 10-Year Treasury Yield Tops 5%
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Stocks fell on Monday as 10-year Treasury yield briefly rose above 5%, signaling higher interest rates.
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Dow, S&P 500, and Nasdaq all dropped 0.5% at market open amid bond sell-off and Middle East tensions.
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Investors brace for key economic data on GDP and inflation later this week.
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Chevron acquiring Hess for $53B in stock; shares of both companies fell in premarket.
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Analyst says stocks could rally if 10-year yield hits 5.25%, its 2006/2007 high.