Stocks Stumble as Year-End Rally Slows

U.S. stock markets opened lower on Monday, with major indexes like the Dow Jones, S&P 500, and Nasdaq dropping points. Sparse trading and rising Treasury yields are impacting the typical year-end boost in equity markets.

The U.S. stock markets started the week on a negative note, with all major indexes opening lower on Monday morning.

The Dow Jones Industrial Average dropped by 128.3 points, or 0.30%, kicking off the day at 42,863.86.

The S&P 500 and Nasdaq Composite also followed suit, slipping 50.2 points and 261.6 points, respectively, as concerns about increasing Treasury yields loomed large over an otherwise traditionally optimistic period for equities.

(With inputs from agencies.)