Stock futures traded near the flatline on Wednesday evening as traders looked ahead to the first of two inflation reports due this week.
Futures tied to the Dow Jones Industrial Average advanced 55 points, or 0.1%. S&P 500 futures added 0.04%, and Nasdaq-100 futures were marginally lower.
The action comes after the major averages tumbled for a third day. The Dow lost just over 400 points, or 0.8%, while the S&P 500 fell 0.5%. The Nasdaq Composite declined 0.6%.
Higher Treasury yields kept the stock market under pressure after the Treasury Department said it would buy back up to $6 billion in longer-term debt – triple the usual amount. Less than a month ago, the Treasury said it would more than double the size of its government debt repurchases.
Following the move, the yield on the 10-year Treasury note climbed to a session high of 4.857%, its highest level since November 2023.