Stocks fall slightly on Monday as investors brace for earnings reports, impact from higher rates 
The Dow Jones Industrial average fell slightly to start a big week of earnings for the market, while traders kept an eye on surging rates and commodities. 
The Dow Jones Industrial Average slid 39.54 points, or 0.1%, to 34,411.69. The S&P 500 dipped 0.02% to 4,391.69. The Nasdaq Composite lost 0.1%, falling to 13,332.36. 
Stocks whipsawed in a rollercoaster session Monday after the 10-year Treasury yield reached its highest level since late 2018, trading at 2.884% at one point. The yield was at 1.71% to begin March, but has shot higher as the Federal Reserve pivoted to a more aggressive tightening stance. That change has weighed on stocks and triggered concerns about an impending recession. 
Bank of America’s quarterly results, reported Monday, showed a 13% year-over-year drop in earnings per share, though the results were slightly higher than expected. The stock gained 3.4%, helping shares of fellow big banks JPMorgan Chase and Wells Fargo rise more than 1% each. 
Elsewhere, Twitter shares were up 7.4% at $48.45 per share. The move came after Twitter announced Friday that the board adopted a limited duration shareholder rights plan, often referred to as a “poison pill” as Elon Musk tries to buy the company. 
Source: CNBC, Investing.com