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Stocks closed mostly lower on Monday despite oil prices soaring as Treasury yields spiked ahead of a key Federal Reserve meeting. The Dow Jones industrial average gained about 40 points, closing at a new record high, with Johnson & Johnson contributing the most gains.
The S&P 500 fell 0.1 percent, after briefly hitting an all-time high, with a 0.9 percent decline in financials offsetting gains in telecommunications. The Nasdaq composite underperformed, falling 0.6 percent. The benchmark 10-year note yield rose to 2.477 percent, after hitting its highest level since 2014. The two-year note yield, meanwhile, advanced to 1.145 percent.
Stocks closed mostly lower on Monday despite oil prices soaring as Treasury yields spiked ahead of a key Federal Reserve meeting. The Dow Jones industrial average gained about 40 points, closing at a new record high, with Johnson & Johnson contributing the most gains. 
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