Dow futures fell to a more than three-month low on Thursday as inflation and government-debt concerns pushed Treasury yields to their highest levels since 2002. Ten-year Treasury yields reached 5.32%, while 30-year yields touched 5.66%, after benchmark Treasuries suffered their worst quarter since 1994. Equity trading has tracked bond yields in recent weeks as investors assess the Federal Reserve's policy path amid higher energy costs linked to the Middle East conflict. Micron Technology's forecast for quarterly revenue above market expectations and increased customer commitments under supply agreements to $32 billion supported the broader semiconductor sector, although its shares slipped about 1% in premarket trading. Lam Research and Applied Materials each gained 1.8%, while Nvidia and Advanced Micro Devices rose about 1%. Alphabet advanced 2.3% after announcing its Gemini 4 flagship AI model. Softer-than-expected inflation data reduced expectations for an interest-rate increase later this month, with traders pricing a 63% chance of no change through the CME Group's FedWatch Tool. However, the inflation indicator remained above the central bank's 2% target, leaving a December rate increase under consideration. Markets were also watching comments from Thomas Barkin, Christopher Waller, Philip Jefferson, Michelle Bowman and Lorie Logan, along with jobless claims and the Institute for Supply Management's manufacturing indicator.