St. Louis Fed President James Bullard was among the many central financial institution officers who gave public remarks Monday, saying he want to see two extra interest-rate will increase.

Shares had been combined. The tech-heavy Nasdaq and S&P 500 gained, whereas the Dow industrials slipped. 12 months-to-date, the Nasdaq and S&P 500 are solidly in constructive territory. The Dow industrials are up lower than 1%.

Semiconductor shares had been dented. The declines got here after China mentioned it is banning main companies from shopping for merchandise from Micron Expertise, which declined 3%.

Chevron mentioned it is buying PDC Vitality in a $6.3 billion all-stock deal. Traders anticipated such consolidation given the mountain of cash oil firms amassed from final yr’s excessive vitality costs.

Bond yields moved greater. The yield on the 10-year U.S. Treasury word stood at 3.717%, up from 3.690% Friday.

Oil costs rose. U.S. natural-gas costs fell about 7% to $2.40 per million British thermal items.

Copper continued to slide. Costs have fallen on considerations about China’s financial restoration. U.S. futures fell 1.3%