Tech slumps as oil prices rise, focus turns to earnings season kickoff: AlphaCheck Ines Ferré · Senior Business Reporter Mon, October 12, 2026 at 9:42 AM EDT 1 min read BZ=F +2.23% CL=F +2.12% MRNA +0.46% XLK -1.29% WFC +0.48% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Good morning. Stocks were mixed on Monday as oil prices gained, stoking fears that energy prices will stay higher for longer as geopolitical conflicts drag on.
Brent crude oil futures (BZ=F) traded at $106 per barrel while WTI (CL=F) hovered below $93 per barrel.
Long-dated bonds remained elevated with the 10-year Treasury (^TNX) yield hovering near 5.24%.
The moves come ahead of earnings season, which kicks off on Tuesday with JPMorgan (JPM), Wells Fargo (WFC), and Citi (C) all reporting.
Read more: How soaring Treasury yields could hit your finances
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 Tech (XLK) sector slumped as chip stocks declined, led by Micron (MU) and SK Hynix (SKHY) amid intensifying Chinese competition.
Meanwhile, Microsoft (MSFT) stock gained after the tech giant unveiled its latest AI chip as it seeks to lessen its dependence on external suppliers, including Nvidia (NVDA) and AMD (AMD).
Here are some other notable stocks that Yahoo Finance readers are viewing this morning: IREN Limited (IREN), Salesforce (CRM), and Moderna (MRNA).
Click here for the latest stock market news and in-depth analysis, including events that move stocks
