NEW YORK (AP) — U.S. stocks are giving back some of last week’s rally on Monday, as bitcoin, Nvidia and other former stars of Wall Street fall again.

The S&P 500 slipped 0.6% and was on track to break a five-day winning streak. The Dow Jones Industrial Average was down 267 points, or 0.6%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.8% lower.

Last week’s rally was largely due to strengthening hopes that the Federal Reserve will cut its main interest rate at its meeting next week to help shore up the slowing job market . Such hopes are still high, with traders betting on a roughly 87% chance of it, according to data from CME Group.

But yields for longer-term Treasurys nevertheless rose in the bond market on Monday. It was part of a worldwide climb for bond yiel

See Full Page