Stock Market Today: Stocks mixed as Microsoft lifts Dow, Treasury yields mute gains

U.S. equity futures were mixed in early Wednesday trading, with Treasury yields creeping higher and the dollar building gains against its global peers as investors reacted to the first wave of mega-cap tech earnings while continuing to track movements in the bond market.

Google, meanwhile, slumped 6.6% following a mixed set of third quarter earnings that showed slowing cloud computing growth overshadowing record ad revenues of $59.65 billion.In the bond market, a muted auction of $51 billion in 2-year notes yesterday, which drew softer demand from both foreign and domestic investors, drew a line under the recent Treasury market rally, which was also tested by a faster-than-expected reading for business activity by S&P Global over the month of October.

The U.S. dollar index, meanwhile, was marked 0.11% higher against a basket of six global currency peers and trading at 106.387 heading into the New York session. Brent crude contracts for December delivery were marked 8 cents higher at $88.15 per barrel while WTI contracts for the same month edged 2 cents higher to $83.74 per barrel.

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