NEW YORK — Stocks are slipping in early trading on Wall Street as pressure rises from the bond market, where Treasury yields hit their highest levels since the summer. The S&P 500 fell 0.3% in early trading Monday, though it’s still close to its all-time high set a week ago. The Dow Jones Industrial Average slipped 195 points, or 0.4%, from its own record set on Friday. The Nasdaq composite was down 0.4%.
Nintendo gained 4.4% following reports that a Saudi wealth fund was planning to increase its investment in the Kyoto, Japan-based video game maker. After gaining briefly against the dollar, the yen fell back late last week. Early Monday, the dollar was trading at 148.34 yen, down from 148.72 late Friday. The euro rose to $1.0974 from $1.0967.
On Friday, the S&P 500 climbed 0.9% and got close to its all-time high set on Monday. The Dow gained 0.8% and the Nasdaq climbed 1.2%. After slight losses earlier in the day, U.S. benchmark crude oil was up $1.26 at $75.64 per barrel, while Brent crude, the international standard, picked up $1.09 to $79.14 per barrel.
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