A.M. Update

S&P 500 futures are down -0.3%, having also given up earlier gains of nearly +0.2%. Treasury yields are moving higher this morning, keeping pressure on equities. The 10-yr  yield is up 4 basis points to 4.28% and the 2-yr note yield is up 3 basis point to 4.72%. FedEx (FDX) and Rivian Automotive (RIVN) are…