Stock Market Today: Stocks Struggle, But Energy Keeps Charging Ahead

Mixed bank earnings and rising Treasury yields muted most sectors Monday, but energy continued its market-leading ways.

A stock chart superimposed against a background of oil rigs
(Image credit: Getty Images)

Wall Street started the week on a shaky note as the 10-year Treasury yield hit its highest point in more than three years, but stocks' difficulties were limited to mild declines.

Monday's session saw the yield on the 10-year T-note climb to as high as 2.884% – a rate last seen in December 2018 – before easing a hair, to 2.866%. That spooked equity traders early, though BlackRock Investment Institute strategists say stock prices have already priced in rapid rate hikes by the Federal Reserve.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.