Bond yields still high as investors weigh rate hike risk: AlphaCheck

Good morning. Stocks were mixed on Wednesday as long-dated bond yields stayed elevated.

The 10-year Treasury ( ^TNX ) touched its highest level since November 2023 as oil prices hovered near $95 per barrel, stoking fears of increased inflation and a possible rate hike by Fed officials.

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 ) were little changed despite a lift from Dell Technologies ( DELL ), which surged 10% on the heels of a standout quarter fueled by record orders in its AI server business .

Financial Services ( XLF ), Healthcare ( XLV ), and Communication Services ( XLC ) gained in early trading, while Energy ( XLE ) and Utilities ( XLU ) slipped.

Here are some other notable stocks that Yahoo Finance readers are viewing this morning: Hewlett Packard Enterprise ( HPE ), NIO ( NIO ), GitLab ( GTLB ), and AST SpaceMobile ( AST S ).