Good morning. Stocks were mixed on Monday as long-dated bonds remained elevated and Brent crude oil futures (BZ=F) stayed above $100 per barrel.
The 10-year Treasury (^TNX) yield, used as a benchmark for mortgages and other loans, rose to 5.30%. Meanwhile, the 2-year Treasury hovered at 4.82%.
A softer-than-expected inflation print and a weak September jobs report released last week have raised expectations that the Federal Reserve <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html” rel=”nofollow noopener” target=”_blank”>will hold interest rates steady this month.
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) stocks edged higher as AI chip giant Nvidia (NVDA) hovered near a record high. Software maker Microsoft (MSFT) gained 2%.
Bitcoin (BTC-USD) rose to trade just below $86,000 per token.
Here are some other notable stocks that Yahoo Finance readers are viewing this morning: Intel (INTC), AMD (AMD), and SpaceX (SPCX).
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