Stocks extended losses in early Thursday trading as rising bond yields raised concerns about more Federal Reserve rate hikes. The 10-year Treasury yield was near 5.10%; tech shares fell, with Nvidia leading semiconductor declines. Amazon and Microsoft also traded lower.
The 30-year Treasury yield climbed to its highest level since 2004. Brent crude futures for November delivery hovered near $105, while West Texas Intermediate traded near $94. Bitcoin fell near $83,000 and gold slipped to around $4,300.
