U.S. stock indices declined weakly at the beginning of the week, filled with corporate reports of companies on the background of the continuing growth of yields on U.S. government bonds.

The Dow Jones Industrial Average fell 0.11% to 34411.69 points.

Standard & Poor’s 500 fell by 0.02% to 4391.69 points.

The Nasdaq Composite Index decreased 0.14% to 13332.36 points.

The yield on 10-year U.S. Treasury bonds rose 4 basis points to 2.86% during trading on Monday.

“We now know that rising US Treasuries yields are hurting risk assets, and we are seeing this in most asset classes, including technology stocks, cyclical consumer goods producers, and even digital currencies,” said Hussein Syed, senior analyst at Exinity. – Such challenging times may bring long-term opportunities as valuations come back down to earth, but for now, stocks can’t be called cheap.”

Investors, however, remain wary of rising inflation and its possible effects on the U.S. economy. In addition, they are watching the measures taken by the Federal Reserve (Fed) to curb the growth of consumer prices.

In particular, the experts of Goldman Sachs bank estimated the probability of recession in the U.S. in the next two years at 35%. In their opinion, the Fed needs to tighten financial conditions sufficiently to reduce the number of new job openings without triggering a sharp rise in unemployment. Achieving a “soft landing” for the U.S. economy is likely to be difficult, as historically a rapid narrowing of the divergence between the jobs and employment numbers has accompanied recessions, Goldman noted.

Also this week, many large companies including Netflix Inc (NASDAQ:NFLX), Tesla (NASDAQ:TSLA) and Twitter (NYSE:TWTR) will release their quarterly reports.

Declines in the Dow Jones Industrial Average were led by shares of Walt Disney Co (NYSE:DIS). which fell 2.1%, as well as Honeywell (NASDAQ:HON) International Inc. and Home Depot Inc (NYSE:HD). securities, down 1.6% and 1.4%, respectively. Leading the gains were shares of Goldman Sachs Group Inc.(NYSE:GS) and Intel Corp (NASDAQ:INTC). (+2.7% and +2.1%, respectively).

Shares of Bank of America Corp (NYSE:BAC). were up 3.2% at the end of trading. The second largest U.S. bank by assets, in the first quarter reduced net income by 12%, to $7.07 billion, nevertheless the result exceeded analysts’ expectations. The bank’s revenue increased by 2% to $23.23 billion.

The price of Bank of New York Mellon securities fell by 2.3%. The bank reported a decline in profits in January-March, although the figure per share and turned out to be slightly better than forecasts. The bank’s net interest income, meanwhile, rose thanks to higher interest rates.

Didi Global Inc. shares fell 18.5% in New York trading after the Chinese online cab booking service reported a 12.7% decline in fourth-quarter 2021 revenue.

The company also said it will hold its annual shareholder meeting on May 23 to vote on delisting from the New York Stock Exchange. Didi noted that it will not list its shares on other exchanges until the U.S. delisting process is completed.

The market value of medical device maker and healthcare software developer Natus Medical Inc. soared 29% on news that investment firm ArchiMed is acquiring it for $1.2 billion.

Southwest Gas Holdings Inc. rose 5.7% after management began considering various strategies to further develop the business, including a possible sale of the company.