Stock Futures Slip as Bond Yields Hit Three-Month High

U.S. government bond yields hit their highest level in three months and stock futures sagged as investors rotated out of interest-rate sensitive technology stocks.

Futures tied to the S&P 500 fell 0.6%, a day after weakness among technology stocks pulled the broad index lower and snapped a three day winning streak. Tech-heavy Nasdaq-100 futures fell 1.2% Tuesday, while Dow Jones Industrial Average Futures edged down 0.3%.