Stocks were lower in intraday trading on Monday.
Bond prices, which have an inverse relationship with yields, have been falling on fears that improved vaccine rollouts and more fiscal stimulus will lead to higher inflation and that rising borrowing costs could lead to a stock market pullback, TheStreet's Joseph Woelfel noted.
And we're expected to have the U.S. House of Representatives vote on President Joe Biden's proposed $1.9 trillion stimulus package by the end of this week. The bill does include $1,400 for most Americans--which was part of the Democrats campaign strategy to bring up the total stimulus checks to $2,000. The bill also has a hike in the minimum wage to $15 an hour, and a boost for supplemental unemployment benefits to $400 a week from $300 a week.
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