Here Are the 3 Biggest Market Movers Monday
Here are some hot movers.

Stocks were higher on Monday, April 23, but in cautious trading as benchmark 10-year Treasury notes were near 3% for the first time in more than four years and as Wall Street prepared to enter the heart of U.S. corporate earnings season.

Benchmark 10-year notes briefly touched 3% on Monday, continuing gains made last week. On Friday, April 20, the 10-year traded as high as 2.956%, the highest level since January 2014. At last check, the yield on the 10-year Treasury was at 2.985%.

The Dow Jones Industrial Average was basically flat while the Nasdaq rose 0.2% and the S&P 500 gained 0.18%. 

Here are the 3 biggest movers, all losers, from Monday's morning trading. 

Alcoa Corp. (AA) - Alcoa shares were down 12.6% after the U.S. Treasury Department said that it could soften sanction against Russian aluminum giant Rusal if its CEO steps down. The price of aluminum dropped as a result as a new large player could soon be reentering the market. 

Cleveland-Cliffs Inc. (CLF) - shares fell 5.9% Monday afternoon after the company's first-quarter results failed to meet expectations. The company reported revenue of $239 million, yielding a net loss of 29 cents per share. Last year the company reported earnings of $1.05 per share on revenue of $6009 million. 

Skechers U.S.A. Inc. (SKX) - shares were down 4.3% after being downgraded Friday to "neutral" from "outperform" at Wedbush. The firm also cut the company's price target to $34 from $46. The company fell nearly 30% Friday after the note was first released. 

More from Markets

Is General Electric Stock Still Good for Your Retirement Account?

Is General Electric Stock Still Good for Your Retirement Account?

Dow Rises as Stocks Claw Back Some Losses From Sharp Selloffs

Dow Rises as Stocks Claw Back Some Losses From Sharp Selloffs

Trading Strategies: Understanding the Markets Going Into 2019

Trading Strategies: Understanding the Markets Going Into 2019

Trump-Era Budget Deficits Turn Treasury Bonds Into Unsafe Haven

Trump-Era Budget Deficits Turn Treasury Bonds Into Unsafe Haven

Be Real Slow to Jump on Oracle's Bandwagon

Be Real Slow to Jump on Oracle's Bandwagon