Wall Street traded in mixed order on Monday, against a backdrop of widespread caution, with sovereign bond yields reaching new highs since 2023.

At the end of the morning, the Dow Jones advanced by 0.3% to 42,065.9 points, while the Nasdaq Composite lost 1.3% to 18,913 points.065.9 points, while the Nasdaq Composite dropped 1.3% to 18,913 points.

The continuing rise in benchmark bond yields weighed on equities amid fears of a slowdown in the US's orchestrated monetary easing policy.

Uncertainties surrounding the pace of the Fed's next rate cuts are encouraging a further surge in the country's bond yields.

At 4.79%, the ten-year yield, which has already gained 1.15 basis points since September, is back - at around 4.79% - with peaks since October 2023.

The Nasdaq index, which is rich in technology stocks, is suffering particularly from expectations of fewer rate cuts.

After three rate cuts by the US Federal Reserve in 2023, most traders are now expecting only two cuts in the cost of money this year.

In this respect, the US consumer price figures for December, to be published on Wednesday, are likely to be particularly decisive.

Although the session was not very lively in the absence of economic indicators, the rise in the VIX - the CBOE's volatility index - which soared by 8% towards 21, is another sign of nervousness.

On the currency markets, the dollar continues to soar against the euro, which is attempting to defend the symbolic 1.02 mark it hasn't crossed since autumn 2022.

Against this backdrop, investors are shedding the most cyclical stocks, notably consumer goods (-0.7%) and technology (-2%), and returning to the energy sector (+2.1%).

Oil prices remain on an upward trend, buoyed by the icy weather across the Atlantic and Washington's decision to impose new sanctions on the Russian energy sector.

U.S. light crude (WTI) climbed 2.7% to $78.7 a barrel, its highest level since last October.

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