Stocks were mostly higher on Monday due to the release of a better than expected retail sales report. Rising yields in Spanish bonds, as well as a decline in value for shares of Apple (NASDAQ:AAPL), however, kept gains in check.
Spanish 10-year government bond yields rose above the 6 percent mark for the first time since the beginning of December, following the acknowledgment that the country has likely slipped into its second recession since 1999.
Mattel (NASDAQ:MAT) today announced that quarterly profit fell below analyst estimates as price increases hurt sales of iconic Barbie dolls and Hot Wheels cars, sending the stock lower.
Citigroup (NYSE:C) announced that quarterly profit exceeded Wall Street estimates, though revenue fell short. Investors sent the stock higher by about two percent by the late afternoon.
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