U.S. stocks closed lower in light volume trade Monday, with energy stocks lagging as oil prices briefly hit their lowest in nearly three months.
Anyone trying to peg the likelihood of a Federal Reserve interest rate hike this year has been subject to a topsy-turvy shift of expert opinion the past few months.
Lackluster demand on a new debt sale generated a bout of selling in the U.S. government bond market on Monday, sending the yield on the two-year note to a one-month high.
WASHINGTON - The Obama administration on Monday announced its plan to start regulating planet-warming pollution from airplanes, setting off a battle between environmentalists and the airline industry.
Gilead Sciences Inc. GILD 2.31 % said its revenue from its hepatitis C drugs continued to fall, dropping 19% during the second quarter, with sales of Harvoni missing expectations as competition from rival drugs and pricing pressures intensified.