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- US stocks closed Monday mixed, with a small gain for the S&P 500.
- Equities appeared in a holding pattern until Fed boss Jerome Powell delivers testimony about monetary policy this week.
- The 10-year Treasury yield edged higher after pulling back at the end of last week.
Stocks finished mixed Monday and Treasury yields edged higher as investors prepared to hear from Federal Reserve Chairman Jerome Powell on Tuesday.
The S&P 500 eked out a third consecutive advance. Gainers included Apple after Goldman Sachs recommended buying shares of the tech behemoth.