The major U.S. stock indexes were down after wavering at the open. The S&P 500 shed 0.2% and the Dow industrials ticked down 0.3%. The tech-heavy Nasdaq Composite slipped 0.1%.
The benchmark 10-year U.S. Treasury yield rose to 3.508%, from 3.461% Friday. A New York Fed survey on manufacturing in the state dropped dramatically.
Turkey’s benchmark stock index fell after results from its election suggested President Recep Tayyip Erdogan had performed better than expected, but not enough to avoid a runoff vote.
Other overseas stock indexes mostly gained. The Stoxx Europe 600 rose 0.1%. In Asia, the Nikkei 225 index added 0.8%, the Hang Seng rose 1.7%, and the Shanghai Composite index added 1.2%.
Brent crude, the international oil benchmark, edged up 0.7% to $74.70 a barrel as Turkey’s election could potentially delay the restart of a major pipeline.