U.S.
stocks were little changed, with benchmark indexes near all-time highs,
as Apple Inc. rallied to send the Nasdaq Composite Index to its ninth
straight gain. Oil fell below $50 a barrel, while gold dropped to a
seven-week low. The dollar strengthened and Treasuries rose.
The
Standard & Poors 500 Index fell less than 0.1 percent at 4 p.m. in
New York after closing at an all-time high on Friday. The Nasdaq
Composite added 0.1 percent to cap its longest rally since September
2010. The yield on 10-year Treasury notes fell five basis points to 2.06
percent. The dollar strengthened against emerging-market currencies
before Federal Reserve Chair Janet Yellen addresses Congress this week.
U.S. oil fell 2.7 percent, and gold slipped to $1,200.80 an ounce.
Apple
Inc. jumped 2.7 percent to pace gains among technology shares, while
energy shares slid 0.4 percent as oil resumed declines. Major U.S.
equity benchmarks closed at records Friday after Greece reached a deal
on its bailout. The government in Athens has until midnight Greek time
to complete a list of policies in return for continued funding. A Greek
government official said it will be sent on Tuesday. Investors will
watch Yellen™s semi-annual testimony to Congress starting Tuesday for
clues on the timing of an interest-rate increase.
Source: Bloomberg
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