S&P 500 futures were flat on Wednesday as traders kept their eyes on bond yields and stimulus progress in Washington.
Futures for the Dow Jones Industrial index shot higher 105 points, or 0.3%, to 31,916.
Futures for the S&P acquired 3.25 points, or 0.1%, at 3,876.50.
Futures for the NASDAQ Composite dropped 16 points, or 0.1%, to 12,772.75.
Tuesday, NASDAQ climbed 3.7% to post its best day since November as investors poured back into popular growth names. Tesla surged 19.6% for its biggest one-day pop since February 2020.
Apple and Facebook popped more than 4% each, while Amazon rallied 3.8%. Before the snapback, the tech-heavy benchmark had fallen into correction territory on Monday, or down more than 10% from its recent high.
Tesla was slightly higher in pre-market trading Wednesday. Apple was lower.
The 10-year Treasury yield was slightly higher ahead of key inflation data ahead at 8:30 a.m. ET. The consumer price index is expected to show a moderate gain in inflation of 0.4% in February, or 0.1% when excluding food and energy, according to economists polled by Dow Jones.
Investors will monitor Wednesday’s inflation data to gauge if price pressures are running hot. Higher inflation expectations have been pushing bond yields higher, which put pressure on risk assets, especially high-growth tech stocks.
Overseas, In Japan, the Nikkei 225 gained more than eight points Wednesday, while in Hong Kong, the Hang Seng moved higher 0.5%.
Oil prices gained 36 cents to $64.37 U.S. a barrel.
Gold prices faded $6.80 to $1,710.10.50 U.S.