US Stocks-Wall St set for tepid open as oil prices fall, Treasury yields rise

The major US stock indexes were set for a subdued open on Friday, as lower oil prices and higher Treasury yields sent conflicting signals on a day with few fresh catalysts.

Tech shares were mixed, with Alphabet up 2% and Meta adding over 1%, while Nvidia and Microsoft slipped marginally.

The interest rate hike from the Federal Reserve and Chair Kevin Warsh's commentary on the future trajectory of borrowing costs has kept investors busy this week.

A slide in oil prices helped ease inflation concerns, but elevated yields on US Treasuries has dampened appetite for stocks. The yield on the benchmark 10-year Treasury rose 2.9 bps to 4.976%.

"Oil is relatively cooperative. Today will be largely about digesting the effects and really thinking through the pros and cons of the Fed's recent moves," said Steve Sosnick, chief strategist at Interactive Brokers.