Tech retreats as Treasury yields and oil climb: AlphaCheck

Good morning. Stocks fell on Wednesday as oil prices edged higher and Treasury yields climbed after President Trump said he would support a US diesel export ban.

The 10-year Treasury yield ( ^TNX ) climbed to 4.99% while Brent futures for November delivery climbed back toward $100 per barrel , stoking concerns about persistent inflation.

Investors await key meetings between the US and China this week, with a focus on the capstone meeting with Chinese President Xi Jinping , expected in Washington on Thursday.

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 .

The Nasdaq Composite ( ^IXIC ) pulled back after hitting back-to-back record highs, while tech stocks ( XLK ) also slipped.

Meta ( META ) stock extended gains amid an explosive rally this week, driven by enthusiasm for the company's new AI agent, Muse .

Shares of chipmaker AMD ( AMD ) slipped after the company crossed the $1 trillion valuation threshold earlier this week.

Bitcoin ( BTC-USD ) fell 1% to hover above $85,000 following a major rally in recent sessions .

Here are some other notable stocks that Yahoo Finance readers are viewing this morning: IonQ ( IONQ ), Alibaba ( BABA ), and General Mills ( GIS ).

Ines Ferre is a Senior Business Reporter for Yahoo Finance covering the US stock market, publicly traded companies, and commodities.