The S&P 500 Index ($SPX) (SPY) Monday closed down -1.20%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.65%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.65%. Stock indexes Monday gave up an early advance and closed moderately lower, with the S&P 50 posting a 1-3/4 month low, the Dow Jones Industrials dropping to a 2-3/4 month low, and the Nasdaq 100 falling to a 3-week low. Higher bond yields undercut stocks Monday after the 10-year T-note yield jumped to a 5-month high. Expectations that the Fed will not cut interest rates anytime soon pushed bond yields higher and we…