Nasdaq, S&P, and Dow are mixed while Treasury yields climb

Wall Street’s major market averages were mixed on Monday as traders and investors await a plethora of economic data releases over the week all while President-elect Donald Trump threatened to implement more trade tariffs.

As a result, the tech focused Nasdaq Composite (COMP:IND) advanced the most, as it popped 0.9% so far. At the same time, the benchmark S&P 500 (SP500) was higher by 0.2% and the blue-chip Dow (DJI) handed back 0.3%.

From a sector-by-sector point of view, just three of the 11 S&P sectors are trading in positive territory with Communication Services leading the way. Going the other way, Utilities and Energy are the two worst sector performers so far.

U.S. Treasury yields observed a move higher to start the week as the shorter end more rate sensitive U.S. 2-Year Treasury yield (US2Y) ticked up by 5 basis points to 4.21% and the longer end U.S. 10-Year Treasury yield (US10Y) advanced by 5 basis points to 4.23%.

For more, see how Treasury yields have done across the curve on the Seeking Alpha bond page.

U.S. President-elect Donald Trump on Saturday threatened the BRICS member nations with 100% tariffs if they moved to create a new currency to replace the U.S. dollar. “As ever with Trump it seems to be a shot across the bows but likely wouldn’t ultimately be great for the U.S. economy if implemented,” Deutsche Bank’s Jim Reid said.

As for stocks that are on the move ,shares of Super Micro Computer (SMCI) have surged 20.6%. Also, see what some of the bulls and bears on SMCI have to say.

Shares of Intel (INTC) also pushed up 3.6% after the company made the surprising announcement that Chief Executive Officer Pat Gelsinger is retiring and will be replaced by co-CEOs David Zinsner and Michelle Johnston Holthaus.