Tech retreats as Treasury yields and oil climb: AlphaCheck

Tech retreats as Treasury yields and oil climb: AlphaCheck

Ines Ferré · Senior Business Reporter

Wed, September 23, 2026 at 4:53 PM GMT+3 1 min read

Good morning. Stocks fell on Wednesday as oil prices edged higher and Treasury yields climbed after President Trump said he would support a US diesel export ban.

The 10-year Treasury yield (^TNX) climbed to 4.99% while Brent futures for November delivery climbed back toward $100 per barrel, stoking concerns about persistent inflation.

Investors await key meetings between the US and China this week, with a focus on the capstone meeting with Chinese President Xi Jinping, expected in Washington on Thursday.

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 Nasdaq Composite (^IXIC) pulled back after hitting back-to-back record highs, while tech stocks (XLK) also slipped.

Meta (META) stock extended gains amid an explosive rally this week, driven by enthusiasm for the company's new AI agent, Muse.

Shares of chipmaker AMD (AMD) slipped after the company crossed the $1 trillion valuation threshold earlier this week.

Bitcoin (BTC-USD) fell 1% to hover above $85,000 following a major rally in recent sessions.

Here are some other notable stocks that Yahoo Finance readers are viewing this morning: IonQ (IONQ), Alibaba (BABA), and General Mills (GIS).

Ines Ferre is a Senior Business Reporter for Yahoo Finance covering the US stock market, publicly traded companies, and commodities.

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