Early Update- Higher Oil & Yields Threaten Failed Breakouts in Major Averages

11:176 a.m. ET Tech and NASDAQ-100 were doing some catching up to the rest of the market from late last week led by mega-caps and semiconductors at the open. It doesn’t look like they’re going to have the support needed to carry the market. Yields were already heading higher before 10 a.m.’s Manufacturing PMI’s, and…