Good morning. Stocks retreated on Wednesday as long-dated bonds climbed again and Brent crude oil futures (BZ=F) rose back above $100 per barrel. The 10-year Treasury (^TNX) yield, used as a benchmark for mortgages and other loans, rose to 5.34%, its highest level since 2002. Meanwhile, the 2-year Treasury climbed to 4.82%. Stocks are coming off all-time highs, though the breadth of the market rally has deteriorated in recent weeks. 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.Sector action on Wednesday, Oct. 7 S&P 500 sectors on Monday, Oct. 5. Tech (XLK) stocks retreated with AI chip giants Nvidia (NVDA) and AMD (AMD) falling from all-time highs.
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