Stock futures were lower Thursday after the S&P 500 tumbled 1.3% during the previous session as bonds continued to sell off. The yield on the 10-year U.S. Treasury stood at 4.979% early Thursday, edging closer to 5% for the first time since 2007.
American depositary receipts of Taiwan Semiconductor Manufacturing rose 2.4% after the world’s largest contract chip maker said it expects fourth-quarter revenue of between $18.8 billion and $19.6 billion, higher than $17.3 billion in the previous quarter. Las Vegas Sands posted third-quarter earnings of 50 cents a share, below consensus forecasts of 55 cents but revenue jumped to $2.8 billion from $1.01 billion a year earlier. The casino operator also announced its board approved a buyback program of $2 billion through 2025. The stock jumped 4.8%.
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