Despite its recent advance, the 10-year yield remains "in a downtrend" and faces resistance at the 4.09% level and near the 200-day moving average of 4.16%, said Adam Turnquist, chief technical strategist for LPL Financial in Charlotte, NC. Until these levels are conquered, upside rallies in the yield "should be viewed as temporary."

Major Indexes are poised to open higher Tuesday, recovering from the previous session's selloff, as investors await key economic data and earnings reports in the coming days.

U.S. stocks are clawing back some of their losses from the day before as falling oil prices release some of the pressure that’s built up on the market. The S&P

Shares of Alphabet Inc. Cl A inched 0.86% higher to $164.38 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.97% to 5,751.13 and the Dow Jones Industrial Average rising 0.

That in turn has sent Treasury yields higher, and the 10-year yield is back above 4% for the first time since August. The two-year Treasury yield also briefly climbed back above 4% Monday, up from 3.50% a couple weeks ago.

That in turn has sent Treasury yields higher, and the 10-year yield is back above 4% for the first time since August. The two-year Treasury yield also briefly climbed back above 4% Monday, up from just 3.

Stocks opened lower on Monday as bond yields and crude oil rose to start the week. The Dow Jones Industrial Average was down 140 points, or 0.3%, to start the session. The S&P 500 was down 0.3%. The Nasdaq Composite was down 0.