US stocks trade mixed in an up and down open.

US markets opened mixed with major indices trading near unchanged after erasing earlier premarket moves. Short-term Treasury yields fell about two basis points while crude oil softened and precious metals rose. Bitcoin slid over the weekend and is trading below $80,000 at about $76,955, pressuring Bitcoin-linked names such as MicroStrategy. Chip names Intel, Micron and AMD showed renewed buying interest after last week’s declines. Ongoing Middle East headlines and potential changes to Iran sanctions add geopolitical risk that could influence energy markets; the NAHB housing market index for May is due with expectations of 34.