U.S. equities open lower in premarket trading after bond yields rise, offsetting Wednesday’s gains in major indexes.
U.S. stock futures showed minimal movement early Thursday, while individual stocks gapped down ahead of the open. The decline followed a rise in bond yields, which pressured equities despite a positive session for major indexes on Wednesday.
Wednesday’s close saw modest gains across the S&P 500 and Nasdaq, supported by easing yields and strong corporate earnings. However, premarket activity suggested a reversal, with several high-profile stocks trading lower before the bell.
No immediate market reaction was detailed, but the shift in yields appeared to drive early-session weakness.