US equity benchmarks closed lower in the first trading session of the week while government bond yields rose and crude oil futures advanced.
The Dow Jones Industrial Average fell 0.2% to 31,438.26, the S&P 500 down 0.3% to 3,900.11 and the Nasdaq Composite 0.7% lower at 11,521.74 on Monday. The DJIA and the S&P 500 were climbing around midday before returning shortly to negative territory, failing to keep a rally going from last week when growth-oriented sectors shined.
Communication services and consumer discretionary were among the steepest decliners, while energy led the gainers.
The US 10-year yield jumped 8.1 basis points to 3.2%.
West Texas Intermediate crude oil futures advanced 2.1% to $109.84 per barrel.
Gold was down 0.4% to $1,823.40 per troy ounce.