Dow Jones, S&P 500, Nasdaq: Wall Street schließt niedriger

As the new trading week commenced, investors on Wall Street paused their activities. The key indices reflected this cautious behavior. The Dow Jones Industrial Average, which tracks 30 large companies, fell by 0.7 percent to 51,482. The broader S&P 500 index declined 0.8 percent to 7,684 points. The Nasdaq Composite, a benchmark for 100 non-financial companies with the highest market capitalizations, slipped 0.9 percent to 26,820 points.

The Nasdaq 100, which represents 100 non-financial companies, lost 1.1 percent to 30,277 points. The ongoing sell-off in U.S. government bonds continued on Monday. Rising oil prices further fueled the selling pressure, following President Donald Trump's rejection of Iran's latest proposal to reopen the Hormuz Strait. Initially, Brent crude oil and U.S. Light Oil (WTI) surged more than four percent.

However, this initial gain diminished by the end of the trading session as it was anticipated that mediators from Qatar would engage in talks with the U.S. and Iran. This development, however, raised inflation concerns enough to push the yield on 10-year U.S. Treasuries above 5.2 percent, the highest level in nearly two decades.

Even the yield on 30-year bonds exceeded 5.5 percent. The yields of government bonds of different maturities had already increased significantly in the previous week. Investors are anticipating further interest rate hikes by the U.S. Federal Reserve (Fed) due to persistent inflation.