10-year Treasury hits 2007 high as oil stays above $100: AlphaCheck

Good morning. Stocks fell on Tuesday as oil prices stayed solidly above $100 per barrel ahead of the Federal Reserve's key policy meeting this week.

Brent crude futures ( BZ=F ) rose to $105 per barrel, raising concerns about persistent inflation.

The 10-year Treasury ( ^TNX ) rose as high as 5.04%, its highest level since 2007, after breaching the 5% threshold on Monday.

Investors expect Fed policymakers to raise rates on Wednesday following their two-day policy meeting.

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 ) gained as chip heavyweight ( NVDA ) led a rebound in semiconductors.

The move comes after AI titans Anthropic ( ANTH.PVT ) and OpenAI ( OPAI.PVT ) sounded the alarm about the risks of AI, calling for a slowdown in its development.

Bitcoin ( BTC-USD ) declined 3% as a long-awaited procedural vote on the crypto-related Clarity Act was set for Tuesday afternoon, with the market assigning about a 30% chance the bill would secure the 60 votes needed to proceed.

Here are some other notable stocks that Yahoo Finance readers are viewing this morning: Bank of America ( BAC ), Coinbase ( COIN ), and Nebius Group ( ZScaler ).