Market Snapshot: Stocks close mostly lower as fears of rising interest rates linger

The Dow Jones Industrial Average bounced back from earlier losses to finish higher Monday, but the broader stock market closed lower as fears over rapidly rising rates continued to weigh on sentiment.

The bond market was closed in observance of Columbus Day.

How did major benchmarks fare?

The Dow Jones Industrial Average DJIA, +0.15% rose 39.73 points, or 0.2%, to 26,486.78. The S&P 500 index SPX, -0.04% fell 1.14 points to 2,884.43 and the Nasdaq Composite Index COMP, -0.67% shed 52.50 points, or 0.7%, to 7,735.95.

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