New Delhi, Aug. 21 -- US stock futures were trading higher on Friday, 20 August, as Wall Street attempted to recover from the previous day's sell-off, which was driven by a sharp rebound in Treasury yields.

S&P 500 futures rose 0.3%, although the benchmark remained on track for its first weekly loss this month. Dow Jones Industrial Average futures gained 0.3%, while Nasdaq-100 futures advanced 0.6%.

Thursday's session saw sharp losses as borrowing costs rebounded, with yields on both the 10-year and 30-year Treasury notes rising by more than five basis points and reversing their earlier declines. Both yields have since stabilised in Friday's trade.

Financial markets have come under increasing pressure as Treasury yields climbed sharply...