US stocks close lower. Declines led by the Dow 30

<p>The major US stock indices are all closing lower after the Dow and S&amp;P closed at record levels on Friday.The Dow losses are led by McDonald's and 3M declines of -3.65% and 2.25% respectively. Higher yields was a catalyst for the declines. The US 2-year yield is up 10.8 basis points. A 10 year yield is up 13.5 basis points.</p><p>The final numbers are showing:</p><ul><li>Dow Industrial Average fell -274.85 points or -0.71% at 38379.60</li><li>S&amp;P fell -15.84 points or -0.32% at 4942.81</li><li>NASDAQ index fell -31.29 points or -0.20% at 15597.67</li></ul><p>The small-cap Russell 2000 fell -25.49 points or -1.30% at 1937.24</p><p>The biggest winner today was Super Micro Computer which continued its surge with a gain of 14.50%. Nvidia rose 4.76%, Alibaba rose 3.8%, Taiwan Semi conductor rose by 2.63%, and Caterpillar rose 1.91%.</p><p>Losers today included:</p><ul><li>Meta (after its 20% rise on Friday) fell -3.27%</li><li>Amazon fell -0.89%</li><li>Microsoft fell -1.38%</li><li>AMD fell -1.96%</li><li>Tesla -3.67%</li><li>Coinbase -9.21% (on a downgrade… ouch</li></ul><p>The Ark innovation ETF which has tested and point base as large holdings tumbled -3.13%</p>

This article was written by Greg Michalowski at www.forexlive.com.