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Market Snapshot: Stock futures point to attempted rebound

U.S. stocks rose in early Wednesday trade, with gains across nearly all sectors. Financials stocks, which closely track Treasury yields, were among Wall Street’s best performers.

The S&P 500 SPX, +0.77% was up 14 points, or 0.6%, at 2,433, with all of its 11 main sectors trading in positive territory. Financials were up 1.4%.

The yield on 10-year Treasurys TMUBMUSD10Y, +0.35% was up at 2.23%, having risen to a one-month high in the previous session. Higher long-term borrowing costs mean banks can earn bigger spread on their loans.

Volatility in technology stocks continued to limit gains, with the sector, measured by the Select Sector SPDR ETF XLK, +0.52% off 0.2% and threatening to end lower for a third straight session.

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