us stock futures ticked higher tuesday night after the major averages declined on the back of higher bond yields dow jones industrial average futures rose by 34 points or 01 sp 500 and nasdaq 100 futures climbed 014 and 013 respectively micron shares slipped in extended trading after the semiconductor manufacturer missed expectations on the top and bottom lines in its latest quarter according to consensus estimates from refinitiv on the other hand lululemon shares popped 12 after the athletic apparel retailer beat wall streets estimates for adjusted earnings and revenue the nasdaq composite closed down 045 during the regular session on tuesday falling for a second straight day as rising yields weighed on tech stocks the sp 500 fell 016 while the dow jones industrial average lost 3783 points or 012 some investors worried that higher interest rates could tip the economy into a recession even as wall street tried to move past this months regional banking crisis the yield on the 2year us treasury note rose back above 4 weighing on interestrate sensitive tech stocks when you dig beneath the headline its a little weaker than the headline suggests so for instance if you break up the nasdaq into quintiles only the top quintile is up all four of the other quintiles are down solus alternative asset managements dan greenhaus said tuesday on cnbcs closing bell they have the largest weighting in a number of indices but at the same time we shouldnt be lured to sleep so to speak in saying that everythings all well in the nasdaq or the sp or wherever if most of the carrying is being done by the top portion he added the federal reserves vice chair of supervision michael barr will make another appearance in washington on wednesday morning this time before the house financial services committee this hearing will address federal regulators response to recent bank failures on the economic front traders are awaiting the latest pending home sales data thats set to release wednesday after the open economists polled by dow jones forecast a decline of 3 in february down from a rise of 81 the previous month