Yields on two-year Treasuries eased 2 basis points on the day to below 4.2%, which in turn took some sheen off the dollar. The U.S. currency is relatively flat so far this year against a basket of major currencies, having risen 7% in 2024.

Stock futures fell Wednesday after mixed quarterly figures from Alphabet and chipmaker AMD led the tech sector lower. A decline in Apple also put pressure on futures. S&P 500 futures and Nasdaq 100 futures slid 0.3% and 0.7%, respectively. Dow Jones Industrial Average futures was lower by 51 points, or 0.1%.