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Monday's dip came after Dow and S & P 500 posted highs on Friday and posted solid weekly gains.
"They did it in a very healthy way," said Art Hogan, chief market strategist at B. Riley FBR. He noted that money was diverted from defensive stocks and some of the most prominent technology stocks in financial stocks. "I think we can see another offer in the financial sector if 10 years can exceed 3%."
The yield on 10-year benchmark bonds was traded at 3.072% on Monday.
Energy stocks rose, while Brent crude exceeded $ 80 a barrel to reach its highest level since 2014, after OPEC executives announced that they would not increase. production immediately. The Energy Select Sector ETF SPDR ETF (XLF) rose 0.8%.
"It is clear that the OPEC meeting did not talk much about the arrival of new products," Hogan said. The boost comes more from the "supply side, but the demand is still strong, which is positive" for oil and energy stocks.
The enthusiasm generated by the transactions helped to control market losses. Comcast bid on Twenty-First Century Fox on Saturday as part of a $ 39-billion acquisition by US broadcaster Sky, which bid a much higher bid at a three-round auction. On Monday, the US broadcaster recommended its shareholders to accept an offer from Comcast.
Meanwhile, SiriusXM has announced that it will purchase Pandora as part of a $ 3.5 billion purchase transaction. The operation first sent Pandora shares up nearly 20% in the market before trading around 12%.
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