U.S. stock-index futures slipped Wednesday evening after a rebound in Treasury yields weighed on technology shares, while investors focused on upcoming talks between President Donald Trump and Chinese President Xi Jinping. S&P 500 Futures fell 0.1% to 7,765.0 points by 21:02 ET (01:02 GMT), Nasdaq 100 Futures declined 0.1% to 30,737.75 points and Dow Jones Futures dropped 0.13% to 51,803.0 points. The moves followed a weaker Wall Street session in which stronger-than-expected purchasing managers index data pushed the benchmark 10-year Treasury yield above 5%, briefly reaching its highest level since 2007. Hawkish comments from Federal Reserve Governor Michael Barr added to the pressure on equities, particularly high-flying technology stocks. Oil prices also rebounded as hopes for U.S.-Iran diplomacy appeared overstated, with the standoff in the Strait of Hormuz showing few signs of easing. Xi landed in Washington on Wednesday evening and was met by Trump. Their bilateral talks on Thursday are expected to cover artificial intelligence and trade, including AI safety regulations, possible U.S. AI chip sales to China, China’s rare-earth exports and purchases of U.S. agricultural products. U.S. Treasury Secretary Scott Bessent met Chinese Vice Premier He Lifeng before the summit and told Fox News that Washington and Beijing had agreed to extend their trade truce by two months, to early-January. Wall Street’s Nasdaq Composite led Wednesday’s losses with a 1.1% decline from records reached earlier in the week. Oil’s rise was also linked to Iranian President Masoud Pezeshkian’s defiant address to the United Nations General Assembly in New York, reports that the U.S. rejected Iran’s latest proposal to reopen the Strait of Hormuz and U.S. officials’ efforts to downplay recent dialogue with Tehran. Investing.com also promoted an InvestingPro subscription with up to 50% off.