Stocks Slide as 10-Year Treasury Yield Tops 5% for First Time Since 2007

U.S. stock indexes opened lower Monday after 10-year Treasury yield topped 5% for first time since 2007

Dow dropped 172 points, S&P 500 fell 0.4%, Nasdaq fell 0.5%

10-year Treasury yield rose above 5% Monday, hitting milestone not seen since July 2007

Comes after Fed Chair Powell said more rate hikes may come on strong economic data

Investors prepare for big week of tech earnings from Microsoft, Alphabet, Meta, Amazon