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Nasdaq at 18-Month Highs - CNNMoney.com -- Stocks ended little changed Monday, although the Nasdaq managed to close at an 18-month high, as investors weighed corporate deals, a stronger dollar and weaker commodity prices ahead of key economic news due later this week.
The Dow Jones industrial average lost 14 points, or 0.1%. The S&P 500 index was little changed. Both ended the previous session at their highest levels since Jan. 20.
Stocks rallied Friday after a government report showed the economy lost fewer jobs in February than economists had expected.
But stocks drifted Monday as investors looked to a host of economic news due later in the week, including reports on state-by-state unemployment Wednesday, weekly jobless claims Thursday and retail sales Friday.
Treasurys Retreat in Wake of Supply Wave - CNNMoney.com -- Treasurys continued in a downward trend Monday as investors anticipate a major boost in supply this week. The government will launch multibillion-dollar auctions of Treasurys starting Tuesday.
What prices are doing: The benchmark 10-year note fell 9/32 to 99-9/32 and its yield rose to 3.72%. Bond prices and yields move in opposite directions.
The 30-year bond fell 18/32 to 99-4/32 and its yield rose to 4.68%. The 2-year note remained flat at 99-31/32 with a yield of 0.90%. The 5-year note fell 3/32 to 100-2/32 with a yield of 2.365%.
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