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US stocks fall and bond yields jump ahead of speech from Fed chief Powell

Traders work on the floor of the New York Stock ExchangeTraders work on the floor of the New York Stock Exchange

Spencer Platt/Getty Images

  • US stocks fell Monday as bond yields continued to spike on expectations for more hawkish Fed moves.
  • That followed Friday’s blockbuster jobs report that raised fears over a tight labor market.
  • Fed Chairman Jerome Powell will speak Tuesday at the Economic Club of Washington.

US stocks fell Monday as bond yields continued to rise on expectations for more hawkish moves from the Federal Reserve.

That followed Friday’s blockbuster jobs report that raised fears the labor market remains tight, which would force the Fed to keep benchmark rates higher for longer to bring inflation back to its 2% target.

Meanwhile, iunvestors will be watching for remarks on Tuesday from Fed Chairman Jerome Powell, who will speak at the Economic Club of Washington. 

Here’s where US indexes stood at the 4 p.m. market close on Monday: 

Here’s what else is happening today:

In commodities, bonds, and crypto:

Read the original article on Business Insider