rose 0.5%, tracking benchmark bond yields .
"People are still optimistic about the market, but at this moment, with the market at all-time highs, expensive valuations and with the economy showing signs of slowing growth, few investors are taking these factors as a hint to pull some money off the table," said Robert Pavlik, senior portfolio manager at Dakota Wealth.
Tepid August payrolls data on Friday last week raised concerns that the economic recovery was slowing down.and Nasdaq are up 1.3% and 1.5%, respectively, since Aug. 27 following dovish commentary from Fed Chair Jerome Powell that a stable job market was an essential goal for the central bank to start pulling back monetary support.
Easy central bank policies and reopening optimism have pushed the benchmark indexes to record highs over the past few weeks, but concerns over rising Delta coronavirus infections and its impact on the economic recovery could impede the rally.
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