The U.S. stock market fell on Monday, as higher commodity prices and bond yields weighed on stocks. Merck & Co. (MRK) also submitted its request to the Food and Drug Administration for emergency use authorization for a Covid-19 pill.
The Dow Jones Industrial Average dropped 249 points, or 0.7%. The S&P 500 fell 0.7% and the Nasdaq Composite declined 0.6%. All three indexes had wavered between gains and losses throughout the day, as traders weighed the extent of the commodity rally against the positive Covid news.
Overall,…
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