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Futures down: Dow 0.36%, S&P 500 0.14%, Nasdaq 0.22%

Oct 23 (Reuters) - U.S. stock index futures slipped on

Wednesday as doubts of a less dovish Federal Reserve lifted

Treasury yields, while investors awaited earnings reports from

companies such as Boeing, Coca-Cola and Tesla to assess the

state of the economy.

At 5:11 a.m. ET, Dow E-minis were down 154 points,

or 0.36%, U.S. S&P 500 E-minis were down 8.25 points, or

0.14% and Nasdaq 100 E-minis were down 44.75 points, or

0.22%.

Pressuring stocks, U.S. Treasury yields were trading at

three-month highs as markets reassess the size of interest-rate

cuts over the next several months against the backdrop of strong

economic data.

"It's clear to cross-asset watchers like us that stocks are

finally being pulled downward by the rise in yields that has

characterized global bond markets since late September," said

Thierry Wizman, Global FX & Rates Strategist at Macquarie.

Investors are pricing in about two rate cuts by the end of

2024, according to LSEG data.

Focus was also on earnings reports. Starbucks ( SBUX ) lost

5.2% in premarket trading after the company suspended its annual

forecast on Tuesday and reported revenue and profit declines in

preliminary fourth-quarter results.

Tesla will be the first of the so-called

"Magnificent Seven" to report results after markets close. Its

shares slipped 0.7%, while Coca-Cola and Boeing were trading

flat.

Semiconductor company Texas Instruments ( TXN ) gained 4%,

after its third-quarter profit beat forecasts.

Meanwhile, shares of McDonald's slumped 6% after an

E.coli infection linked to the company's Quarter Pounder

hamburgers killed one and sickened many.

U.S, markets are near record highs, but a combination of

earnings, a changing monetary policy outlook and the upcoming

U.S. elections will test whether the rally has legs.

While just 21% of S&P 500 companies have reported so far,

according to LSEG data, 82% have exceeded earnings estimates.

The Dow Jones and S&P 500 were little changed, while the

Nasdaq eked out a slight win in a choppy previous session.

Investors have also focused on the rising chances of a

second Donald Trump administration, whose policies for spending

and tariff implementation are expected to lift U.S. deficit and

inflation.

September home sales data and the Fed's Beige Book are

scheduled for release, while Fed officials Michelle Bowman and

Thomas Barkin are set to speak later in the day.