Stock futures flat after soaring Treasury yields trigger market sell-off: Live updates - CNBC

The Dow Jones Industrial Average fell for a third straight session on Thursday, as Treasury yields at multidecade highs continued to weigh on the most cyclical parts of the market.

The 30-stock index slid 161.61 points, or 0.31%, to 51,349.98. The S&P 500 ticked lower by 0.02% to 7,704.13. The Nasdaq Composite eked out a 0.01% gain to 26,939.37

Stocks came off their session lows after Reuters, citing sources, reported that U.S. and Iranian negotiators in New York are considering a deal that would bring a phased end to the conflict in the Middle East, whereby Iran would reopen the Strait of Hormuz and the U.S. would lift its economic blockade on Tehran.

But oil prices and bond yields remained elevated. Brent crude , the international benchmark, rose more than 3% to close above $106 per barrel. U.S. West Texas Intermediate futures climbed 2.7% to close at $94.61 per barrel.