US stocks keep losses, close lower

US stock indices closed lower on Monday after hitting record highs on Friday, weighed down today by the weak performance of the technology sector, amid focus on the quarterly business results.

Johns Hopkins University reported that the number of Covid-19 infections rose to over 140 million cases worldwide, with a death toll of more than 3 million cases.

This comes amid anticipation of the earnings results of major companies, led by Apple, Microsoft, Tesla, Amazon and Alphabet.

The 10-year US Treasury yields rose again today, after falling below 1.6% earlier.

To the oil market, To the oil market, WTI crude May futures rose 0.4% or 25 cents and closed at $63.38 a barrel, after hitting a high of $63.6 and a low of $62.6.

Brent June futures rose 0.4% or 28 cents, and closed at $67.05 a barrel, after hitting a high of $67.2 and a low of $66.1.

As for stocks, Dow Jones fell 0.4% or 123 points, and closed at 34,077, with a day high of 34,182, and a low of 33,980.

Nasdaq fell 1% or 137 points to 14,038, with a high of 14,041 and a low of 13,842 points.

S&P 500 fell 0.5% or 22 points to 4,163, after hitting a high of 4,191 and a low of 4,150.