US Stock Market: DJIA, S&P500, Nasdaq and Russell finished mixed on Monday

Stocks sank further, crude oil prices tumbled, and bond yields jumped substantially on Monday, as concerns over the Ukraine conflict and an imminent Federal Reserve interest rate meeting kept global financial markets on guard.

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After another tumultuous day of trading on Wall Street, the S&P 500 gave up an early gain and finished 0.7% down. The Dow Jones Industrial Average finished basically unchanged, while the Nasdaq Composite sank 2%. The sell-off occurred when the 10-year Treasury yield reached its highest level since the summer of 2019.

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Uncertainty about the next developments in the conflict in Ukraine and what the Fed will do this week has opened the market to daily swings as investors try to position themselves for whatever comes next. Last week, the S&P 500 marked its fourth losing week out of the last five.

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On Monday, the benchmark index fell 31.20 points to 4,173.11, while the Dow inched up 1.05 points after wobbling between small gains and losses earlier, leaving it essentially unchanged at 32,945.24. The Nasdaq fell 262.59 points to 12,581.22. Small-company stocks also fell. The Russell 2000 index slid 37.95 points, or 1.9%, to 1,941.72.

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The Fed’s moves this week are likely to be the first in a long march to raise interest rates and slow the economy enough to stamp out the highest inflation to hit the United States in 40 years.

The yield on the 10-year Treasury jumped to 2.14% from 2.00% late Friday after earlier touching its highest level since July 2019. The two-year yield, which moves more on expectations for Fed policy changes, rose to 1.86% from 1.75%.

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Oil prices gave back a lot of those gains on Monday, though, as coronavirus worries came back to the fore. A barrel of U.S. oil slid 5.8% to settle at $103.01. Brent crude, the international standard, fell 5.1% to settle at $106.90.

The Hang Seng index in Hong Kong fell 5%, with the exchange’s tech index dropping 11%. Stocks in Shanghai lost 2.6%.

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Roughly 55% of stocks in the S&P 500 fell, with technology companies weighing down the benchmark index the most. Apple fell 2.7% and chipmaker Nvidia slid 3.5%.

Nielsen soared 30.5% for the biggest gain in the S&P 500 following a published report saying a group of private equity firms are in advanced talks to buy the TV-ratings company.