Futures tied to the Dow Jones Industrial Average fell 0.2%, while S&P 500 futures rose 0.2%. Nasdaq-100 futures gained 0.5%.
The moves came as the 10-year US Treasury yield rose 1 basis point to around 5.30%, its highest level since 2002. The 30-year Treasury yield also climbed to about 5.64%.
Higher borrowing costs were not limited to the US. In the UK, 30-year gilt yields surged to 6.029%, their highest level since January 1998, according to LSEG data. The yield was up 6 basis points on the day.
The rise in global bond yields came even as oil prices steadied amid renewed hopes of an end to the war in Iran.
Investors are entering October weighing a softer inflation backdrop against higher borrowing costs and uncertainty over the Federal Reserve’s next interest-rate decision, due later this month.
Micron earnings support tech stocks
Shares of Micron Technology were little changed in premarket trading after the memory-chip maker reported quarterly results that beat Wall Street expectations and raised its outlook for the current quarter.
Micron reported fiscal fourth-quarter earnings of $33.42 per share on revenue of $54.23 billion, compared with analyst estimates of $31.83 per share and $51.49 billion in revenue.
The results pointed to continued strength in data-centre demand, supporting sentiment across the broader technology sector.
Stocks end September unevenly
The futures moves follow a mixed September for US equities.
The S&P 500 fell 0.5% during the month, while the Dow Jones Industrial Average declined 4.3%. The Nasdaq Composite gained 1.9%.
The third quarter also ended on Wednesday, with the S&P 500 and Nasdaq Composite each gaining about 2%, while the Dow slipped 2.7%.
Investors will now focus on fresh labour-market data, with initial jobless claims due on Thursday at 8:30 a.m. ET, followed by the September jobs report on Friday.
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