Stocks close mixed as yields recede from 16-year highs: Stock market news today

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The 10-year Treasury yields passed a key milestone on Monday morning but whipsawed lower in a volatile day for bond market action.

Stocks were mixed on Monday after the benchmark 10-year Treasury yield briefly rose above 5%, before retreating as investors increasingly accept interest rates will stayThe ongoing sell-off in bonds and worries about an escalation in Middle East hostilities are weighing on the market, as it waits forthis week.

Apple's $1 billion theatrical bet, which will also include upcoming titles like Matthew Vaughn's"Argylle," and Ridley Scott’s"Napoleon," matches rival Amazon , the highest profit margins, and the most cash in reserve, Stellantis lags behind both Ford and General Motors in addressing the demands of their UAW workforce," UAW wroteon Monday.

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