2018.04.2321:01:00UTC+00U.S. Stocks Closed Mixed as Dow Hits 4-day Losing Streak

Stocks declined on Monday as tech shares dropped, while investors were uneasy over higher interest rates. Wall Street also faced the busiest week of the earnings season.

The Dow Jones industrial average closed 14.25 points lower at 24,448.69, hitting its first four-day losing streak since March, with Goldman Sachs as the worst-performing stock in the index.

The S&P 500 closed flat at 2,670.29 as a 0.4 percent decline in tech counterbalanced a 1.1 percent gain in telecommunications. The Nasdaq composite pulled back 0.3 percent to close at 7,128.60, its third straight decline, as Facebook, Amazon, Netflix and Alphabet all closed lower.

Bond yields, which are reflecting a rise in inflation expectations, were on the march higher Monday, a continuation of gains marked last week. The 10-year Treasury note yield wavered around 2.9729 percent, the highest level since January 2014, but had moved above 2.995 percent at one point.

Wall Street also prepared for the busiest week of the earnings season. More than 170 companies are expected to have released their quarterly results by the end of the week, including tech giants Amazon and Facebook.

Hasbro, Halliburton and Alaska Air all reported quarterly results before the bell on Monday. Hasbro earnings and sales fell short of estimates, but the stock traded three percent higher. Halliburton's quarterly profit matched analyst expectations, while its revenue missed. Alaska Air reported a stronger-than-expected profit but weak revenue.

Shares of Alcoa Corp plunged 14 percent as the Treasury Department said it's extended its wind-down period for dealing with Rusal, the sanctioned Russian aluminum giant controlled by Oleg Deripaska.