wall street stocks declined early monday as markets weighed the odds of additional federal reserve interest rate hikes following strong us economic data the yield on the 10year us treasury note a proxy for fed interest rate policy climbed higher following strong employment and services sector data released friday analysts also pointed to worries over lofty equity valuations after a strong january for us stocks marketwatchers have slashed their earnings forecasts in recent weeks due to rising cost pressures about 15 minutes into trading the dow jones industrial average was down 05 percent at 3376756 the broadbased sp 500 shed 06 percent to 411006 while the techrich nasdaq composite index declined 07 percent to 1192679 among individual companies tyson foods slid 49 percent as the food giant reported lower quarterly profits that missed analyst expectations saying that operational inefficiencies impacted profitability dell technologies fell 26 percent after announcing that it will lay off some five percent of its global workforce or around 6650 employees marking the latest casualties of a jobslashing wave hitting the us tech sector the market movements came despite treasury secretary janet yellens comments on abc early monday that she sees a path where inflation declines significantly while the economy remains strong markets remain nervous as traders await a speech from fed chair jerome powell on tuesday watching for his comments on the economic outlook ahead