Stocks fell Monday, with the S&P 500 and Dow retreating from record levels.
The Dow dropped more than 120 points, or 0.4%, after the index rallied to an all-time high of more than 34,000 last week. The S&P 500 also dipped below the index’s record high, and the Nasdaq sank The 10-year Treasury yield rose to top 1.6%.
Bitcoin (BTC-USD) prices steadied Monday afternoon after plunging swiftly over the weekend. Bitcoin sank as much as 15% on Sunday, and other major coins like Ether and XRP also dropped. Bitcoin prices had reached a record high of more than $64,000 on Wednesday as Coinbase Global (COIN), the largest cryptocurrency exchange in the U.S., went public via a direct listing.
For equities, however, volatility has subsided considerably in recent sessions. The CBOE Volatility Index, or VIX, hovered near a 14-month low as stocks remained close to all-time…