Wall Street Gearing Up for Fed’s ‘Hawkish Pause’: Markets Wrap

Stocks, bonds and the dollar saw small moves at the start of a busy week for major central banks, whose rate decisions will set the tone for global markets for the rest of the year.

The S&P 500 closed near 4,450. Brent oil pared gains after almost hitting $95 a barrel earlier Monday in a move that added to inflation concerns. Apple Inc. climbed, while Tesla Inc. dropped as Goldman Sachs Group Inc. lowered its earnings estimates for the electric-vehicle giant. Treasury 10-year yields edged lower and those on two-year notes remained above 5%.

Read: Powell & Co. ...