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On Monday, Dow Jones Industrial Average climbed up on the board for the first time after a while whereas gains were capped as investors continue to vex over higher interest rates.

The index of 30-stock gained 39.73 points and reached to 26,486.78 after the increment in gains of Walgreens Boots Alliance. The Nasdaq Composite recovered 0.7 percent and arrived at 7,735.95 percent. On the other hand, S&P 500 managed to close at 2,884.43 after losing in a row for three days.

The tech-shares like Apple and Amazon also dropped down experiencing 0.2 percent and 1.2 percent dip, respectively. However, Netflix drew back 0.6 percent.

The 10-year Treasury note yield climbed 3.2 percent above from 3.06 percent after hitting its highest since 2011 in the last week. The interest rates were on a rip last week following the strong economic data. A chief strategist at Baird, Bruce Bittles remarked that the higher interest rates are going to put pressure on profit margins and investors should focus on health care, industrials, and other strong sectors.

The U.S. Federal Reserve has increased interest rates three times in this year and predicting to trek once again before the year-end. The markets were closed yesterday on behalf of Columbus Day.

Due to the hike in interest rates, stocks stumbled during the whole last week. The Nasdaq Composite fell down to its lowest since March whereas S&P 500 has shown its worst performance on the board since September. Also, Dow Jones climbed down during the whole week, marking the worst decline so far.

However, overseas markets also saw a decline on Monday as People’s Bank of China announced that the cut down of cash reserves of the bank. The Shanghai Composite dropped 3.7 percent down while Korea’s Kospi pulled 0.6 percent back. In terms of European markets, Stoxx 600 lost 1.1 percent.