Traders work at the New York Stock Exchange on Aug. 25, 2026. NYSEStock futures traded near the flatline on Wednesday evening as traders looked ahead to the first of two inflation reports due this week. Futures tied to the Dow Jones Industrial Average advanced 54 points, or 0.1%. S&P 500 futures added 0.04%, and Nasdaq-100 futures were marginally lower.The action comes after the major averages tumbled for a third day. The Dow lost just over 400 points, or 0.8%, while the S&P 500 fell 0.5%. The Nasdaq Composite declined 0.6%. Asia markets were in the red on Thursday. Japan's Nikkei 225 dropped 0.62%, while South Korea's Kospi lost 0.24%. Australia's benchmark S&P/ASX 200 was down 1.36%. Higher Treasury yields kept the U.S. stock market under pressure after the Treasury Department said it would buy back up to $6 billion in longer-term debt – triple the usual amount. Less than a month ago, the Treasury said it would more than double the size of its government debt repurchases.Following the move, the yield on the 10-year Treasury note climbed to a session high of 4.857%, its highest level since November 2023.Rising oil prices amid escalating tensions between the U.S. and Iran also weighed down stocks. International Brent crude futures advanced 3.4% to close at $101.21 a barrel, while U.S. West Texas Intermediate crude futures advanced 3.3% to end at $96.05. Both saw the highest settlement prices since May.The recent surge in oil prices comes as traders set their sights on two inflation reports due this week.August's producer price index, a measure of wholesale inflation, comes out Thursday morning. Economists polled by Dow Jones expect a monthly gain of 0.3%, and a 5.3% advance year over year.The closely watched consumer price index follows on Friday, with the Dow Jones consensus calling for a 0.4% jump in August and a 12-month increase of 3.4%.Other economic reports of note include weekly initial jobless claims and August existing home sales. Both are due on Thursday morning.39 Min AgoAustralia leads regional losses as Asia-Pacific markets fall Asia-Pacific markets opened lower Thursday, with Australian equities leading regional declines.Australia's benchmark S&P/ASX 200 was down 1.36%. Index heavyweights Rio Tinto and BHP Group fell 2.93% and 2.52%, respectively.Japan's Nikkei 225 dropped 0.62%, and the Topix declined 0.56%.South Korea's Kospi lost 0.24%, while the small-cap Kosdaq was 0.83% lower. — Lee Ying Shan1 Hour AgoAsia markets poised to fall after Wall Street extends lossesAsia-Pacific markets were set to fall Thursday, tracking Wall Street declines, as higher oil prices dent sentiment with the Middle East conflict dragging on.Japan's Nikkei 225 was set to fall, with its Chicago and Osaka futures contracts last at 64,350 and 64,360 respectively, compared with the index's previous close of 65,142.78.Hong Kong's Hang Seng index futures were at 24,982, lower than the index's last close of 25,274.96.Futures for Australia's S&P/ASX 200 last traded at 8,816, compared with the index's previous close of 8,911.4.Brent futures gained 3.4% to $101.21 a barrel Wednesday, the international benchmark's highest closing price since May 22. U.S. West Texas Intermediate futures advanced 3.3% to settle at $96.05. — Lee Ying Shan3 Hours AgoThe rate on a 30-year fixed mortgage hits 6.97%The cost of financing a home purchase hit its highest level in more than a year — and it's creeping closer to 7%.The rate on a 30-year fixed mortgage reached 6.97% on Wednesday, according to Mortgage News Daily. That's the highest level since May 30, 2025.Stock Chart IconStock chart icon30-year fixed mortgage rate in 2026The last time the 30-year fixed mortgage was at 7% or higher was on May 26, 2025, when it was 7.02%.This jump in the 30-year mortgage coincided with a surge in the 10-year Treasury yield, which leapt to 4.857% for its highest level since November 2023. Rates on 30-year mortgages are influenced by the 10-year Treasury note yield. —Gina Francolla, Darla Mercado3 Hours AgoStocks making the biggest moves after hours: AeroVironment, American Eagle & moreAn American Eagle Outfitters store in New York, US, on Monday, May 27, 2024. Stephanie Keith | Bloomberg | Getty ImagesSeveral companies saw their shares move in extended trading following earnings reports and other developments.AeroVironment – Shares of the drone manufacturer jumped 2% after first-quarter results trounced estimates. AeroVironment earned 59 cents per share on an adjusted basis and posted revenue of $480 million. Analysts polled by LSEG sought 25 cents a share on $456 million.American Eagle Outfitters – The teen apparel retailer slid 10%. American Eagle's comparable sales in the second quarter declined 1%, versus analysts' call for a decline of 0.6%. The company forecast operating income in the current quarter to range from $110 million to $115 million, versus the StreetAccount consensus estimate of $124.3 million.Read more about Wednesday's after-hours movers here.—Darla Mercado3 Hours AgoStock futures open near flat on Wednesday night