Wall Street stocks moved slightly lower on Monday, adding to small losses in the previous session when a hot US jobs report stoked expectations of a more aggressive interest rate rise campaign by the Federal Reserve.
The blue-chip S&P 500 and the tech-heavy Nasdaq Composite both fell 0.1 per cent, reversing gains in early dealings. Europe’s Stoxx 600 closed 0.7 per cent higher, while Hong Kong’s Hang Seng index dropped 0.8 per cent.
US government debt rose in price, with the yield on the 10-year Treasury note falling 0.09 percentage points to 2.74 per cent. The policy-sensitive two-year yield fell 0.04 percentage points to 3.21 per cent.
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