Stocks fall as 10-year yield spikes, oil tops $84

As for economic data, investors will be watching the National Association of Home Builders' housing market index.

In Asia, the Bank of Japan wrapped up a two-day policy meeting with no major changes. Its benchmark interest rate remains at a longstanding minus 0.1%. Price increases in Japan have been less pronounced than they are in the U.S. and some other nations, though the central bank raised its inflation forecast for the fiscal year that begins in April to 1.1% from a previous estimate of 0.9%.

Japan’s benchmark Nikkei 225 fell 0.3% to 28,257.25. Australia’s S&P/ASX 200 lost 0.1% to 7,408.80. South Korea’s Kospi dropped 0.9% to 2,864.24. Hong Kong’s Hang Seng slipped 0.4% to 24,112.78, while the Shanghai Composite rose 0.8% to 3,569.91.

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Will rising interest rates sink meme stocks?George pearkes, analyst Bespoke Investment Group, joined ThorntonMcEnery on MemeMarkets. Pearkes says the meme stock crowd deserves credit for asking questions, but is worried that they're misunderstanding some of the answers. Watch here:
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