Early Update – 10Y Yield New Cycle High, Geopolitical Uncertainty and Earnings Weigh on Stocks

12:07 p.m. ET Since pre-market, stocks have fallen more as yields climb with the 10-year yield reaching a new intraday and cycle high, (highest since 2007). The Small Caps are relatively weak after outperforming yesterday. Dow Transports are being weighed on by the airlines after UAL’s (-7.95%) Q4 profit warning and J.B. Hunt Transport(JBHT  -6.25%)….