Monday saw a decline in US stocks as investors became more concerned about the confrontation between Iran and Israel.
The 10-year Treasury yield reached its highest point since 2024 as a result of Monday's risk-off market activity.
Retail sales figures for March increased by 0.7%, exceeding the 0.3% consensus projection.
US markets gave up their early gains on Monday and ended the day significantly lower due to investor concerns over a possible escalation of the confrontation between Iran and Israel.
Iran launched hundreds of drones and missiles against Israel, but almost all of the missiles were intercepted by Israel's defense system working with its allies.
"Markets are expecting that the situation will de-escalate from here on out, as Iranian officials have stated that this terminates the reaction. The back-and-forth headlines have persisted throughout the day, but this situation is far from resolved," NYSE market strategist Michael Reinking stated.
NBC News was informed by a source that Israel might launch a counterattack against Iran "imminent." Israel's allies have sent a warning to the nation not to escalate the crisis any further.
Separately, retail sales increased by 0.7% in March, exceeding the 0.3% consensus projection. The 10-year Treasury yield reached its highest level of 2024 and its highest level since November due to a combination of strong retail sales statistics and the lack of risk associated with the Israel-Iran conflict.
The US indexes were as follows at Monday's 4 p.m. closing bell:
S&P 500: 5,061.82, a 1.2% decrease
The Dow Jones Industrial Average was down 0.7%, or 248 points, at 37,735.11.
15,885.02 is the Nasdaq Composite, down 1.8%.
Here are the other events of the day:
Promotion
If the Federal Reserve reduces interest rates too quickly, the average price of a home in the United States might rise by 20% to a record $500,000.
Trump Media and Technology Group's stock fell by about 20% following the company's SEC filing to sell millions of shares.
Since 2021, Goldman Sachs has recorded its greatest quarterly profit. Below is an analysis of the outcomes.
Over the weekend, a sheet of uncut dollar bills signed by Warren Buffett brought $20,740 at auction.
As the firm dealt with sluggish EV demand, it started a wave of layoffs that resulted in the loss of 14,000 employees, which caused Tesla's stock to drop 5% on Monday.
In bonds, commodities, and cryptocurrency:
At $85.50 per barrel, West Texas Intermediate crude oil saw a 0.19% decline. The global standard, Brent crude, dropped 0.27% to $90.21 per barrel.
An ounce of gold gained 1.04% to $2,398.80.
The yield on the 10-year Treasury increased by 9 basis points to 4.62%.
Bitcoin fell to $63,506 (a decrease of 3.43%).
