S&P 500 Futures dropped 0.15% to 7,755.0 points, Nasdaq 100 Futures declined 0.2% 30,699.50 points, while Dow Jones Futures shed 0.1% to 51,652.0 points

U.S. stock index futures fell slightly on Thursday evening after soaring Treasury yields and oil prices spooked stock market, while markets awaited more details on talks between Chinese President Xi Jinping and U.S. President Donald Trump.

Concerns over AI funding swirled on a report of Oracle declaring force majeure at a major data centre project, although gains in Meta helped offset this.

S&P 500 Futures dropped 0.15% to 7,755.0 points by 23:50 GMT. Nasdaq 100 Futures declined 0.2% 30,699.50 points, while Dow Jones Futures shed 0.1% to 51,652.0 points.

Futures declined after a whipsaw session on stock market, where markets parsed reports that Iran and U.S. were exploring a path out of their war. But oil climbed over 3% amid renewed hostilities between Yemen’s Houthis and Saudi Arabia.

Chinese President Xi and U.S. President Trump concluded their bilateral talks in Washington on Thursday.

The two were seen discussing a host of topics, chiefly trade and AI. China’s foreign ministry said the talks had produced new outcomes, but few details on the discussions were immediately clear.

Going into Thursday’s talks, Beijing and Washington had agreed to extend their ongoing trade truce by two months to early-January, leaving a limited window for the world’s largest economies to hash out a lasting trade deal.

Stock indexes closed flat following a whipsaw session on Wednesday.

Risk sentiment was rattled by Treasury yields rising further, with the 10-year rate crossing 5.2% and briefly hitting a new 19-year high.

Yields rose amid growing anxiety over more interest rate hikes by the central bank, with several officials warning this week that the central bank will likely hike further in the face of increasingly sticky inflation.

Soaring oil prices added to concerns over inflation, with crude rising sharply after a Houthi attack on Saudi Arabia.