Market Snapshot: S&P 500 futures slide as hawkish Fed pushes Treasury yields to fresh 16-year highs

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U.S. stock futures extended losses early Thursday after a higher-for-longer stance from the Federal Reserve pushed bond yields to fresh 16-year peaks.

How are stock-index futures trading

On Wednesday, the Dow Jones Industrial Average DJIA fell 77 points, or 0.22%, to 34441, the S&P 500 SPX declined 42 points, or 0.94%, to 4402, and the Nasdaq Composite COMP dropped 209 points, or 1.53%, to 13469.

What’s driving markets

Stocks…

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