Stocks Pressured by Higher T-note Yields and Weak Chip Stocks

The S&P 500 Index ($SPX) (SPY) today is down -0.10%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.50%. 

Stocks today are seeing downward pressure from the +2.5 bp rise in the 10-year T-note and a sell-off of more than -2% in key chip stocks.