Dow futures dropped, indicating a retreat for the 30-stock average from Friday's record high close.
Ahead of key inflation reports Tuesday and Wednesday — and questions about whether increasing price pressures are transitory as the Federal Reserve believes — the
dipped Monday to around 1.33%. The benchmark yield went as low as 1.25% on Thusrday to levels not seen since February. The 10-year yield hit a then-14-month high of 1.78% in March. It began 2021 at less than 1%.A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs.
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