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Stocks were little-changed Wednesday following Tuesday’s drop as rising Treasury yields erased earlier premarket gains.

DOW JONES GLO(((((BA)))))L/DJIA”>
Dow Jones Industrial Average

futures were up 35 points, or 0.1%, while

S&P 500

futures had dipped 0.1%, and

Nasdaq Composite

futures had declined 0.2%. The indexes had been up around 0.5% earlier in the morning.

Optimism about the fight against Covid-19—President Joe Biden promised enough vaccines for all U.S. adults by May—and fiscal stimulus—a $1.9 trillion relief package continued to progress through the Senate—seemed ready to lift the markets Wednesday morning. But the 10-year yield started rising again, to 1.457%, causing tech stocks, in particular to decline.

“US equities are struggling to find direction after a strong start to the week,” writes Stephen Innes, Chief Global Market Strategist at Axi. “Despite headline weakness in indices, price action remains constructive as rotation into more cyclical pockets of the market out of expensive growth remains a steady theme.”

Here were some other stocks on the move:

Las Vegas Sands

(LVS) rose almost 3% after agreeing to sell its Las Vegas assets to private equity buyers for more than $6 billion.

Lyft

(LYFT) shares rose 4.5% after the company said it just saw its best week of ridership since last March.

Roku

(ROKU) shares were up 2% after KeyBanc Capital Markets upgraded the stock to Overweight from Sector Weight.

Eaton

(ETN) shares rose 1% after Morgan Stanley upgraded the stock to Overweight from Equal-Weight.

Alcoa

(AA) shares rose 4% after Goldman Sachs upgraded the stock to Buy from Sell.

Rocket

Cos. (RKT) has dropped 12% follow Tuesday’s massive gain after RBC downgraded the stock to Sector Perform from Outperform.

Write to Jacob Sonenshine at jacob.sonenshine@barrons.com