FRC - Stocks Move Only Slightly at Open

The NASDAQ Composite fell Tuesday as an uptick in rates put pressure on the tech-heavy index.

The Dow Jones Industrials dipped 4.61 points to 32,427.47.

The S&P 500 faded 16.72 points to 3,960.81.

The NASDAQ lost 110.17 points to 11,658.67.

Regional banks rose Tuesday, with First Republic climbing 1%. New York Community Bancorp shares rose 0.8%.

Markets may also be taking news of First Citizens' plan to buy a large chunk of SVB as a positive.

Prices for the 10-year Treasury dropped a bit, raising yields to 3.55% from Monday's 3.54%. Treasury prices and yields move in opposite

directions.

Oil prices climbed 50 cents to $73.31 U.S. a barrel.

Gold prices gathered $9.20 to $1,963 U.S. an ounce.