Dow Jones and S&P 500 close higher; Amazon and Disney stocks under the microscope

Netflix shares rose after Hollywood writers reached a tentative agreement to end a months-long strike. Warner Bros. Discovery and Walt Disney shares fell, while Paramount shares rose.

Investors are looking for an updated second-quarter GDP reading, due on Thursday, as well as Friday’s consumer spending data and the Fed’s preferred measure of inflation. Nike and Costco are among the companies reporting earnings this week.

Stocks made muted moves. The Nasdaq, S&P 500 and Dow Jones Industrial Average were all modestly higher. The blue-chip Dow Jones index fell lower than the tech-focused Nasdaq index this month.

energy It was the best-performing sector in the S&P 500, while consumer staples stocks lagged.

Benchmark Treasury bond yields roseWith 10-year notes settling at 4.541%, the highest end-of-day level since October 2007. Last week, the Fed signaled it would keep interest rates at higher levels for longer, pushing yields higher.

European bond yields jumped. The yield on German 10-year bonds rose to a new 12-year high, after a business survey showed that sentiment there weakened less than expected in September.

Oil prices fluctuated. Brent crude, the global benchmark, settled just above $93 a barrel, after touching $95 last week. Some travel stocks, including cruise stocks, fell in Monday trading.

External inventories were often lower. European and Chinese stocks fell. Japan’s Nikkei 225 index rose less than 1%. The continental Stoxx 600 index has fallen for three consecutive days.

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