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Ten-year U.S. Treasury yields, the benchmark for
global borrowing costs, hit their highest since early December.
Elevated U.S. yields mean higher corporate borrowing costs,
which could hit shares across the world.
Investors have also been concerned that Greece could run out of
cash. Euro zone finance ministers, who met on Monday,
acknowledged progress in talks between Greece and its creditors
but said more work was needed to close a cash-for-reforms deal.
The U.S. market closed down on Monday, weighed by global jitters
and a drop in oil prices.
Oil prices rose on Tuesday. They are up more than 50 percent
since the beginning of the year.
AOL shares jump 18.1 percent to $50.29 after Verizon made an
offer to buy the company for $4.4 billion.
Hilton shares fall 6 percent to $27.90 in premarket trading,
after Blackstone cut its stake below 50 percent in the
hotel operator.
YY Inc slumps 8.2 percent to $63.31 after brokerages cut price
targets on the video streaming website operator's stock.
Futures snapshot at 6:53 a.m. ET:
S&P 500 e-minis were down 15 points, or 0.72 percent, with
181,916 contracts traded.
Nasdaq 100 e-minis were down 36.25 points, or 0.82 percent, on
volume of 26,384 contracts.
Dow e-minis were down 131 points, or 0.73 percent, with 35,158
contracts changing hands.
(Editing by Saumyadeb Chakrabarty)
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