Dow drops more than 350 points as Wall Street’s rally takes a breather: Live updates

On Monday, the stock market saw a slight dip as Treasury yields rose and investors awaited new earnings reports. The S&P 500 and Dow Jones Industrial Average both dropped, with consumer and homebuilder stocks among the biggest losers. The increase in bond yields suggests that investors believe the Fed may be slower to lower interest rates due to the economy’s resilience. Earnings reports will be crucial this week, with companies like Tesla, Coca-Cola, and GE Aerospace set to report. While some earnings have beaten expectations, analysts have lowered their expectations for the quarter. Investors remain optimistic about the stock market’s potential, but are cautious due to stretched valuations and geopolitical risks.