Stocks slip as bond yields rise, but Nvidia stock is rising: AlphaCheck
Stocks fell on Monday as long-dated bond yields continued to climb amid surging oil prices, raising concerns that the Federal Reserve will need to hike rates...
Good morning. Stocks slipped on Monday as bond yields climbed and oil stayed above $100, while hopes for a near-term US-Iran deal to reopen the Strait of Hormuz faded after President Trump rejected Iran's latest proposal.
The 10-year Treasury ( ^TNX ) yield hovered near 5.22% as bond prices fell, Brent ( BZX26.NYM ) futures for November delivery jumped to $106 per barrel, paring earlier gains amid reports that Saudi Arabia's East-West pipeline has resumed energy exports.
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 ) slipped, but Nvidia ( NVDA ) stock gained more than 3% in early trading after the AI chip heavyweight announced a $150 billion stock buyback plan — the largest single authorization in history.
Shares of EV maker Tesla ( TSLA ) declined by over 2%, while Meta ( META ) shares extended declines from Friday following a blistering rally over the past month
The Energy ( XLE ) sector jumped, while Financial Services ( XLF ) and Consumer Discretionary ( XLY ) slipped.
Here are some other notable stocks that Yahoo Finance readers are viewing this morning: MongoDB ( MDB ), Amprius Technologies ( AMP X ), and Kodiak Sciences ( KOD )
Topics in this story
Gathered from external sources. Rights to this text belong to whoever originally published it.