Nasdaq falls as oil climbs; 10-year yield near 5%
Tech stocks drop as Nasdaq declines more than 1% early Monday while oil prices rise and the 10-year Treasury yield nears 5%, adding to inflation concerns.
Markets are facing pressure Monday morning as concern over the AI trade builds and oil prices keep climbing, adding to inflation worries. The yield on the 10-year Treasury note is nearing 5%. Tech stocks are falling around the world, with the Nasdaq down more than 1% in early trading.