By Liz Moyer

Investing.com – U.S. stocks fell at the open as Treasury yields jumped. The Federal Reserve could be encouraged to take a more aggressive stance on interest rates by the release of inflation data on Tuesday.

The index was at 9:45 am ET and was down 136.9 point, or 0.4%. Meanwhile, the was 0.9% lower, and the dropped 1.5%.

The oil prices fell further, falling by more than 33% to $94 per barrel in the early trading. The benchmark Treasury yield, which is the price-to-yield ratio, rose by 0.096 to 2.75%.

High bond yields have put pressure on the growth sector of the market. Technology stocks declined in early trading. Tesla Inc (NASDAQ): The electric car manufacturer was lower by 2.6% following reports that it saw sales growth in China during the first quarter, compared with the fourth quarter.

Meta Platforms Inc. (NASDAQ: ), which is the parent of Facebook fell 1.1%

Twitter Inc (NYSE:) Shares fell in premarket trading, but the market had reversed itself and they traded up 2% within minutes of the opening bell. Elon Musk (the billionaire CEO of Tesla) resigned from its board after acquiring a 9.2% share in the company.

In an abbreviated week for U.S. stock trading – the market is closed on Friday – bank earnings are expected this week as well as on Tuesday that could show consumer prices rose 8.4% in March over the same month last year.

The price of gold rose 0.7% to $1958/oz