European stocks fall as investors pare bets on rate cuts

Here’s the news from our US team:

US stocks ended Monday’s session little changed as investors kicked off a big week that will see a fresh inflation data test for rate-cut views and the start of first quarter earnings season.

The Dow Jones Industrial Average (^DJI), the S&P 500 (^GSPC), and the tech-heavy Nasdaq Composite (^IXIC) all closed near the flatline.

A strong jobs report helped lift stocks on Friday but couldn’t fend off weekly losses as doubts about the Federal Reserve’s resolve for interest rate cuts preyed on minds.

The yield on the 10-year Treasury (^TNX) stood at 4.42% following a bond sell-off last week. While the benchmark has pared gains, it is still within reach of the key 4.5% level seen by some as a potential tipping point for a run-up toward last year’s highs.