The Dow closed more than 30 points lower on Monday, while the S&P 500 and Nasdaq 100 were down 0.6% and 1%, respectively, as investors remained cautious of rising bond yield that signaled further rate hikes in the next Federal reserve meeting. Meantime, traders remained concerned about US-China tensions, while watched a slew of earnings releases. Last week's blockbuster US jobs report and ISM data pointing to a robust services sector added to concerns about persistent inflation and bolstered the case for more rate increases. On the corporate front, Dell Technologies fell 3% after announced it will cut 6,650 jobs following a decline in demand for personal computers. Tyson Foods plunged 4.6% after the biggest US meat company missed its earnings expectations. Another batch of earnings releases is due this week including those from Pepsi, Uber, and Walt Disney and will offer further insight into how businesses deal with growing macro headwinds.