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Tech stocks powered the Nasdaq to a 1.24% gain while the Dow dropped 312 points. Gold surged to $4,399.70, nearing the $4,400 milestone. Oil held flat, Bitcoin slipped, and Treasury yields edged lower.
The Dow Jones tumbled 464 points on Monday as rising Treasury yields sparked a rotation out of equities and into commodities.
U.S. Treasury yields fell sharply on Monday, with the 10-year dropping nearly 7 basis points, as investors sought safety amid oil market turbulence.
Crude oil tumbled nearly 7% on Monday as diplomatic signals from Iran eased supply disruption fears, dragging Treasury yields lower.