Nasdaq, S&P, Dow trade mixed while yields are up to kick off Jackson Hole Week

Major market averages opened trading mixed on Monday following another down week for equities. The Nasdaq Composite (COMP.IND) was +0.6%, the S&P 500 (SP500) was +0.1%, and the Dow (DJI) was -0.4%. Additionally, the S&P 500 and Nasdaq are coming off a three-week losing streak. It’s “undoubtedly been a challenging few weeks for global markets after the optimism of the early summer,” Deutsche Bank’s Henry Allen wrote. “In aggregate, global bonds have now lost ground for 5 weeks running, and US Treasuries are back in negative YTD territory. At the same time, global equities are now down for 3 weeks…