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Good morning. Stocks fell on Wednesday while bond yields continued to climb, as Brent crude climbed to $100 per barrel, raising expectations that the Federal Reserve will need to hike rates at its next policy meeting.
The 2-year Treasury yield rose to 4.42%, while the 10-year Treasury (^TNX) hovered near 4.8%.
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) gained as Tesla (TSLA) stock popped 1%, while Meta (META) rallied 3%. Apple (AAPL) shares were flat ahead of its product unveiling event in California.