US stock futures edge higher as Treasury yields retreat

US stock futures edged higher Thursday after a modest rebound in the previous session, supported by a sharp decline in Treasury yields that improved investor sentiment. The Dow and S&P 500 rose 0.22% and 0.21%, respectively, on Wednesday, while the Nasdaq Composite advanced 0.16%, ending a three-day losing streak for all three benchmarks. Consumer discretionary, materials and consumer staples stocks outperformed, while industrial, technology and financial shares lagged. Longer-dated Treasury yields pulled back from multi-year highs after the government said it planned to more than double repurchases of 10-, 20- and 30-year debt over the coming months. The announcement followed a surge in the 30-year Treasury yield to its highest level since 2007 earlier this week. Investors are now focused on Walmart's earnings and the latest weekly jobless claims data.

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