U.S. stock futures were little changed Wednesday night as the S&P 500 retreated from its all-time high while Treasury yields climbed to multidecade highs. The 10-year yield hit 5.365%, its highest level since April 2002, and the 30-year yield rose to 5.732%, its highest since May 2002. The Dow Jones fell over 340 points (0.7%) in the previous session, with both the S&P 500 and Nasdaq Composite down 0.2%. Levi Strauss shares dropped nearly 2% after lowering its full-year revenue growth guidance despite raising its profit outlook. Looking ahead, the S&P 500 is expected to post blended earnings growth of approximately 30% for the third quarter, which would mark a third straight quarter of above-25% earnings growth.
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