Stocks Tumble As Oil, Bond Yields Rise; CDNS, AXON, BRZE Hold Up

The 10-year Treasury yield rose above 4.90% for the first time since 2007. WTI crude oil settled at $88.32 a barrel, up 1.9%, as oil and gas stocks outperformed. Decliners beat advancers on the NYSE by 5 to 1. Cadence Design Systems is retesting a prior buy area; Axon is in a buy zone, and Braze is showing strength as it forms a new base. Learn more about your ad choices. Visit megaphone.fm/adchoices