(Reuters] – U.S. stocks index futures edged higher on Thursday after Treasury yields fell below multi-year highs. The move provided some relief to technology and growth stocks, which have been hit hard this week due to concerns about a Federal Reserve that is more hawkish.

After comments by U.S. central banks policymakers, minutes of the Fed’s March meeting and statements from Fed officials suggesting rapid interest rate hikes and aggressively trimming balance sheet assets in an era of rising inflation, the tech-oriented Nasdaq lost nearly 4.5% during the last two sessions.

Minutes from Wednesday’s meeting showed that Fed officials had “generally agreed to” reduce the amount of assets held by the central bank to up to $95 Billion per month, even though the conflict in Ukraine dampened the U.S. first interest rate rise since 2018.

However, equity market sentiment was more calm on Thursday because the two-year yield fell. [US/]

Megacap Growth Shares are high-yielding shares that can be impacted by rising bond yields like Tesla (NASDAQ) Inc, Meta Platforms Inc. Apple Inc (NASDAQ):), Amazon.com Inc. (NASDAQ):), Alphabet Inc. Microsoft Corp (NASDAQ:) Premarket trading recovered 0.5% to 2.2%

At 07.09 a.m. ET were up 91, or 0.2%, at 07:09 a.m. ET were up 19.5, or 0.0.44%, at 95.25, or0.66%

HP Inc (NYSE 🙂 rose 13.9% following the disclosure by Berkshire Hathaway Inc, Warren Buffett’s billionaire investment firm (NYSE 🙂 that it had bought nearly 121,000,000 shares of HP Inc.

Levi Strauss & Co After beating Wall Street’s estimates for quarterly results, (NYSE) saw a 3.3% increase in shares. The price rises and high demand for jeans, jackets and tops helped the company to gain 3.3%.

As Washington issued new sanctions Wednesday, investors closely followed the war in Ukraine. Reuters reports that European Union envoys will approve a ban on Russian-coal, which would be effective from mid August, a month earlier than originally planned.

The Labor Department will release a report at 8:30 am on economic news. ET is likely to reveal that the initial claim for state unemployment benefits fell by 2,000, to a seasonally adjusted of 200,000 during the week ending April 2.