Stocks Drop From Record Highs; Dollar Strengthens: Markets Wrap
- Treasury 10-year note yield touches highest in about 10 months
- Bitcoin prices tumble as more investors point to a bubble
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U.S. stocks fell for the first time in five sessions as investors started the week in a cautious mood with equity prices near all-time highs.
The S&P 500 was led lower by the real estate and consumer discretionary sectors, while energy companies were the biggest gainers in the benchmark index. Eli Lilly & Co. lifted heath-care shares. The dollar strengthened against all its major peers, with demand supported by elevated Treasury yields.