Dow pops higher, Nasdaq and S&P 500 slide amid rate-cut fears

Stocks were mixed on Monday, with Big Tech names sliding as the dollar and bond yields climbed amid fading hopes for interest rate cuts ahead of this week’s key consumer inflation report. The S&P 500 (^GSPC) dropped 0.1%, while the Nasdaq Composite (^IXIC) fell about 0.7%. Shares of Nvidia (NVDA) and Apple (AAPL) slid as most of the “Magnificent Seven” tech megacaps lost ground in the market turmoil. But the Dow Jones Industrial Average (^DJI) which includes fewer tech stocks, rose 0.7%. Stocks were navigating another volatile session after Friday’s plunge, which wiped out all year-to-date gains for Wall Street’s…