Federal Reserve Board Governor Lisa Cook said Friday that last month's financial market volatility, sparked by U.S. President Donald Trump's tariff announcement, did not lead to the same kind of market dysfunction seen at the onset of the Covid-19 pandemic.

The sell-off in bonds accelerated midweek after a weak Treasury auction and as investors worry that Trump's tax bill will add trillions to the deficit.

This week, earnings from Home Depot, Lowe’s, and Target are scheduled, along with data on new and existing home sales and remarks from Federal Reserve officials.

Stocks slid, the dollar slipped and bond yields jumped in early trading on Monday but recovered by the afternoon.

Markets came under pressure Monday as investors dumped stocks, U.S. bonds and the dollar — an unsettling trifecta — after the United States lost its triple-A bond rating Friday.

Royal Bank of Canada's capital markets wing has established a new artificial intelligence and digital innovation team as it bets on AI to boost future growth, the Canadian lender told Reuters on Wednesday.