Markets face pressure as the 10-year Treasury yield hits 4.99% and oil prices rally, overshadowing gains in Meta shares as investors monitor upcoming US-China diplomatic meetings.
Brent futures climbed back toward $100 per barrel after President Trump supported a US diesel export ban.
The 10-year Treasury yield climbed to 4.99% on diesel export ban concerns, stoking inflation worries.
Meta extended gains amid enthusiasm for its new AI agent Muse.
The Nasdaq Composite pulled back after hitting back-to-back record highs.
Bitcoin fell 1% to hover above $85,000 following a major rally in recent sessions.
AMD slipped after crossing the $1 trillion valuation threshold earlier this week.
Tech stocks (XLK) slipped as Treasury yields and oil prices climbed.
IonQ was among notable stocks viewed by readers, with no specific price move mentioned.
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General Mills was among notable stocks viewed by readers, with no specific price move mentioned.
The Nasdaq Composite retreated from record highs on Wednesday as rising Treasury yields and oil prices stoked inflation fears. Brent crude surged toward $100 per barrel following reports of a potential US diesel export ban, while the 10-year Treasury yield climbed to 4.99%.
Prices are reacting to President Trump's support for a potential US diesel export ban, which has triggered inflation concerns and pushed the 10-year Treasury yield to 4.99%.