US stocks mixed as worries about a debt-ceiling standoff, Evergrande risks persist

US stocks mixed as worries about a debt-ceiling standoff, Evergrande risks persist

Stocks mostly moved lower Monday as investors entered the last week of September with lawmakers in Washington facing funding deadlines to avoid a government shutdown while worries lingered over China's debt-laden Evergrande. The S&P 500 and the Nasdaq Composite lost ground while the Dow Jones Industrial Average clung to a small gain. Tech stocks were feeling the pinch from investors seeking safety in the Treasury market, a move that pushed the 10-year Treasury yield to 1.48%, around its highest since late June. Investors appeared wary of risk-taking as Congress prepares to vote on Thursday to deal with the $28 trillion debt ceiling the country is bumping up against. In the House, Democrats are still wrestling over a major infrastructure bill and a $3.5 trillion spending bill for social and environmental programs. Meanwhile, Evergrande, whose $309 billion in liabilities rattled global markets last week, passed a deadline to pay $83.5 million in dollar-bond interest. That's left investors wondering whether they will have to absorb massive losses after a 30-day grace period, . Another is due this week on a second dollar bond. rose by 0.1% to $1,752.78 per ounce. Oil prices jumped. gained 2.1% to $75.55 per barrel. , oil's international