dailynewsnblog
Good morning. Stocks fell on Wednesday while bond yields continued to climb, as Brent crude climbed to $100 per barrel, raising expectations that the Federal Reserve will need to hike rates at its next policy meeting.
The 2-year Treasury yield rose to 4.42% while the 10-year Treasury (^TNX) hovered near 4.8%.
Here’s a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
Tech (XLK) gained as Tesla (TSLA) shares popped 1% while Meta (META) rallied 3%. Apple (AAPL) shares were flat ahead of its product unveiling event in California.
The Energy (XLE) sector extended gains from the prior session, while Financials (XLF) and Consumer Discretionary (XLY), which are more sensitive to interest rates, slipped.
Here are some other notable stocks that Yahoo Finance readers are viewing this morning: Rocket Lab (RKLB) and NuScale Power (SMR),
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