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.

Stocks are off to a mixed start.

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 (ASTS).

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