U.S. Stock Futures Slip as Bond Yields Climb

U.S. stock markets were set to open in the red on Wednesday as U.S. government bond yields stood at decade-plus highs. President Joe Biden is visiting Israel as tensions in the Middle East rose again following a deadly explosion at a hospital in the Gaza Strip. S&P 500 futures dropped 0.3% and Nasdaq 100 futures were down 0.5%.