U.S. Stocks Open Lower on Tuesday, Nasdaq Falls over 1%, pressured by a rise in Treasury yields amid concerns of persistent inflation and elevated oil prices. A pullback in semiconductor stocks also weighed on the broader market.

SK Hynix Drops More Than 5%, SanDisk Slides over 4%.

XOS Inc. Surges More Than 120% as it wins first U.S. Air Force contract for deployable mobile charging prototype.