U.S. stocks are likely to remain weak on Thursday, major index futures indicated, as lower bond yields stayed elevated and mixed earnings dampened sentiment. On traders’ radar are key inflation data from the Federal Reserve, as well as jobs data and a revised quarterly GDP report besides a speech from a central bank official. Futures Performance (+/-) Nasdaq 100 -0.28% S&P 500 -0.37% Dow -0.92% R2K -0.01% In premarket trading on Thursday, the SPDR S&P 500 ETF Trust (NYSE:SPY) declined 0.43% to $523.85, and the Invesco QQQ ETF (NASDAQ:QQQ) traded down 0.32% at $455, according to Benzinga Pro data. Cues From Previous Session Rising bond yields proved to be the undoing of the market on Wednesday, as the major indices closed uniformly lower. The averages opened down as the benchmark U.S. 10-year Treasury yield hovered above the 4.6% level. The indices moved sideways around these depressed levels before ending notably lower. The Dow Jones Industrials Average closed at its lowest since early May and the broader S&P 500 Index retreated to a two-week low. The sell-off was across the board, with the weakness more pronounced in energy, industrial, real estate, material and utility stocks. Index Performance (+/-) Value Nasdaq Composite -0.58% 16,920.58 S&P 500 Index -0.74% 5,266.95 Dow Industrials -1.06% 38,441.54 Russell 2000 -1.48% 2,036.19 Insights From Analysts: Carson Group’s Ryan Detrick is optimistic about the rally returning. To make his case, he noted that typically after a 5% gain in May, the market rises yet again in June five out of six times. The last three times which saw a 5%+ gain in May saw at least double-digit gains for the year. The S&P 500 is up about 5% in May with two ...