Equities dipped Monday with buyers sidelined and a selloff in Nvidia undercutting the market. The Dow declined 0.5 percent while the S&P 500 and the Nasdaq both slipped 0.6 percent. US Treasury yields and oil prices rose while the dollar was mostly higher.

News that China is probing Nvidia for antitrust violations hurt the big technology bellwether to weigh on equities. Markets appear cautious ahead of US consumer price and producer price reports heading into the Federal Reserve's policy meeting next week where expectations are strong for a 25 basis point rate cut.

Rising bond yields Monday, especially in the long end, reflect preparation for the week's heavy slate of Treasury coupon debt starting with 3-year notes on Tuesday and 10-year notes on Wednesday. Among stock sectors, only health care and real estate managed modest gains.

Market Reflections track market reaction to the trading day's major events. Economic data, policymaker speeches, and company news are featured in this report as well as key indexes and financial instruments.

Understanding why markets respond as they do is fundamental for an investor. Market Reflections help explain how the day's events, news, and data impact the outlook for the economy and for market prices.