WALL STREET SUBDUED ON LINGERING CONCERNS OVER ELEVATED RATES

Major U.S. stock indexes were lackluster on Monday as worries over prolonged higher interest rates kept the 10-year Treasury yield buoyant, while investors awaited economic data and Federal Reserve policymakers' remarks throughout the week.

The S&P 500 (.SPX) and the Nasdaq (.IXIC) dropped to their lowest level since June, while the Dow (.DJI)fell to over two-month low in early trade. The indexes also eyed their first quarterly declines so far this year heading into the last days of September.

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