Stock futures were flat after a spike in Treasury yields triggered a sell‑off in the major averages on Wednesday.
The rise in Treasury yields raised the specter of additional rate hikes from the Federal Reserve, prompting investors to reassess risk.
The major averages – which include the S&P 500, Dow Jones Industrial Average and Nasdaq Composite – fell during regular trading.
The sell‑off reflects concerns that higher borrowing costs could weigh on corporate earnings and economic growth.
Market participants are now watching the Fed’s policy statements and Treasury market movements for clues on future rate decisions.
<small>Source: CNBC — read the original story there.</small>