Comment on Stock market today: Indexes drop and yields, oil prices spike ahead of earnings and fresh economic data

Stock market today: Indexes drop and yields, oil prices spike ahead of earnings and fresh economic data

Michael Nagle/Xinhua via Getty ImagesXinhua News AgencyUS stocks fell Monday as bond yields and oil prices moved higher.The rise in oil prices and solid September jobs report has revived inflation concerns.Investors are eyeing earnings season, which kicks off this week with results from PepsiCo on Tuesday.US stocks retreated from near-record highs on Monday, with all three major moving averages declining by about 1%.A number of risk factors pushed stocks lower on Monday, including a jump in interest rates and oil prices, the growing intensity of Hurricane Milton, and negative news flow for a couple of mega-cap technology stocks.The 10-year US Treasury yield jumped back above 4% on Monday, representing its highest level in about two months.

 

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