Stocks Ended Mostly Lower as Bond Yields Weighed

U.S. stocks ended mostly lower on Monday as rising bond yields weighed on Wall Street sentiment. The Dow Jones Industrial Average fell 14.25 points, or 0.06%, to 24,448.69. The S&P 500 was up 0.15 point, or 0.01%, to 2,670.29. The Nasdaq Composite shed 17.52 points, or 0.25%, to 7,128.60.

Oil prices gave up earlier declines Monday to settle higher, as reports that a Saudi-led air strike killed the head of the Houthi rebels in Yemen raised the potential for disruptions to the flow of crude in the Middle East. June West Texas Intermediate crude rose 24 cents, or nearly 0.4%, to settle at $68.64 a barrel. June Brent crude tacked on 65 cents, or 0.9%, to $74.71 a barrel.

Yields on 10-year U.S. Treasuries rose to their highest level since January 2014 amid concerns over the growing supply of government debt and accelerating inflation.

Google’s (GOOG, GOOGL) parent company Alphabet reported its Q1 2018 financial results on Monday, posting earnings of $13.33 per share on $31.15 billion of revenue. Those numbers beat analyst expectations of $9.30 per share on $24.75 billion in revenue, respectively.