Stocks were mixed Monday as investors closely monitored developments in Washington, D.C., as lawmakers rush to try and avert a government shutdown and advance a bevy of new measures.

The S&P 500 fell to give back some gains after the blue-chip index posted a three-day winning streak at the end of last week. The Nasdaq lagged with a drop of 0.5% as Treasury yields climbed. The benchmark 10-year yield extended last week’s gains to top 1.5%, reaching its highest level since June as optimism over the economic recovery mounted. The Dow added about 0.2%, with energy shares outperforming during Monday’s session.

Investors are kicking off trading this week following a volatile streak of trading, with the potential default of key Chinese property developer Evergrande and concerns over monetary and fiscal policy front and center. At its lowest closing level last week, the S&P 500 had pulled back just over 4% from its Sept. 2 record closing…

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