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Bond yield worries persist as oil edges higher: AlphaCheck
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Good morning. Stocks fell on Tuesday as long-dated bond yields continued to climb amid surging oil prices, raising concerns that the Federal Reserve will need to hike rates at its policy meeting next week. The 10-year Treasury (^TNX) crept up to 4.8% while Brent crude futures (BZ=F) topped $98 per barrel amid continued Iran-US tensions in the Middle East. Goldman Sachs analysts see a case for oil reaching $120. 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 stocks (XLK) rose as Nvidia (NVDA) and other chip stocks gained slightly. The Energy (XLE) sector rose more than 1%, 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: Tesla (TSLA), Sandisk (SNDK), and Alibaba (BABA). Click here for the latest stock market news and in-depth analysis, including events that move stocks
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