Stocks Slip as Bond Yields Rise, Bitcoin and S&P 500 Reach 2023 Highs

U.S. stocks, including the Dow Jones Industrial Average and S&P 500, pulled back from their 2023 highs as bond yields rose. Tech shares were down sharply, and the Dow Jones was down 0.2%. Expectations for Federal Reserve interest-rate cuts have pushed Treasury yields lower, but yields were creeping higher on Monday. The U.S. jobs report on Friday is expected to have a significant impact on both bond and stock markets. Additionally, Uber's inclusion in the S&P 500 boosted its shares, while Alaska Air Group announced a deal to acquire Hawaiian Airlines for $1.9 billion.