U.S. equity futures fell Wednesday, a day after the S&P 500 reached a fresh all-time high, as oil prices moved higher alongside Treasury yields.
Futures for the Dow Jones Industrials hurtled lower 282 points, or 0.5%, Wednesday to 51,534.
Futures for the S&P 500 fell 24.5 points, or 0.3%, to 7,849.50.
Futures for the NASDAQ Composite dropped 216.75 points, or 0.6%. to 31,266.50.
Constellation Brands shares fell 5% even after the company reported better-than-expected results for its fiscal second quarter. The beer distributor earned $3.74 per share on revenue of $2.63 billion. Analysts expected a profit of $3.56 per share on revenue of $2.54 billion.
U.S. crude prices crept back toward $90 per barrel. International Brent traded 1% higher at $101.92. Those moves led yields, which took a breather in the previous session, to resume the recent surge that drove them to multiyear highs.
In Japan, the Nikkei 225 sank 0.9%, while in Hong Kong, the Hang Seng let go of 0.6%.
Oil prices subsided 55 cents to $89.99 U.S. a barrel.
Gold prices slumped $41.60 to $4,145.50 U.S an ounce.
