News Summary: Dow, S&P 500 fall for a fourth day

News Summary: Major stock indices dragged lower by higher bond rates, bank stocks

Associated Press

FOUR-DAY DROP: The Dow Jones industrial average retreated for a fourth day in a row Monday, dragged lower bank stocks such as JPMorgan Chase.

BOND SELL-OFF: Investors continued to sell bonds, pushing yields to multi-year highs. The yield on the 10-year Treasury note rose to 2.88 percent, the highest since July 2011.

ALL EYES ON BERNANKE: The Federal Reserve will be in focus most of the week. On Wednesday, investors will get the minutes from the central bank's July meeting. The bank's annual conference in Jackson Hole, Wyo. starts Thursday. The big question: Will the Fed cut back its bond-buying program in September?

View Comments (1)