10-year Treasury yield rises following hot inflation data: AlphaCheck

Good morning. Stocks were mixed on Wednesday as banks continued to report earnings, and a hotter-than-expected inflation reading sparked a rise in long-dated bond yields.

The 10-year Treasury (^TNX) yield rose 9 basis points to 5.30%, and oil prices remained elevated after higher energy costs pushed prices higher in September.

Brent crude oil futures (BZ=F) hovered $105 per barrel while WTI (CL=F) traded near $95 per barrel.

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 Tech (XLK) sector declined as chip stocks extended losses, led by memory makers Micron (MU) and SK Hynix (SKHY), after a sharp global sector sell-off.

Chip giants Nvidia (NVDA) and AMD (AMD) also declined.

Financial Services (XLF) declined following reports of Bank of America (BAC) and BlackRock (BLK).

Here are some other notable stocks that Yahoo Finance readers are viewing this morning: ASML (ASML), Greenland Energy (GRND), and Morgan Stanley (MS).

Click here for the latest stock market news and in-depth analysis, including events that move stocks