U.S. Futures Halt Days of Declines for Stocks as Bond Yields Remain Elevated

U.S. futures were rising on Thursday with stocks set to halt days of declines, though pressure remains from elevated bond yields amid signs of a strong economy—and expectations that the Federal Reserve will keep interest rates higher for longer. S&P 500 futures rose 0.2%, with contracts tracking the tech-heavy Nasdaq up 0.2%. Strong U.S. economic data and minutes from the latest meeting of the Federal Reserve’s monetary policy committee have rapidly shifted investors’ expectations for how long interest rates will remain at generational highs, or even go higher.