U.S. equity futures were mixed on Wednesday, retaining losses from the previous session as elevated bond yields pressured markets. S&P 500 and Dow futures were flat, while Nasdaq 100 futures fell 0.5%. Most major technology stocks declined before the opening bell as concerns about rising aggregate credit supply pushed up longer-term borrowing costs. Oracle, AMD, Micron and Marvell fell. High energy prices added to borrowing-cost pressures, while hawkish rhetoric from the United States and Iran extended expectations that oil flows from the Persian Gulf would remain suspended. The interest-rate outlook faces another test with the release of FOMC (Federal Open Market Committee) minutes today. TJX, Lowe’s and Target fell between 4% and 1% after reporting second-quarter results. Analog Materials outperformed other semiconductor stocks after issuing strong guidance. Moderna shares doubled and Merck surged 10% after a trial of their joint vaccine reduced melanoma recurrence.