Stocks Slide, Yields Climb Ahead of Big Tech Earnings as Markets Price Out More Fed Rate Hikes

Stocks struggled as bond yields continued to rise ahead of big tech earnings reports this week.

Oil prices pulled back after some aid got through to Gaza, but bond yields kept rising with U.S. 10-year yields nearing 5%.

Japan's Nikkei reported the Bank of Japan is discussing tweaking its yield curve control policy.

Higher yields have markets pricing out Fed rate hikes next week and a 70% chance rates are done rising.

Microsoft, Alphabet, Amazon, Meta and others report earnings this week amid high expectations.