(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

*

Coca-Cola expects revenue at high end of previous forecast

*

Starbucks ( SBUX ) Q4 same-store sales, profit decline

*

Texas Instruments ( TXN ) gains after Q3 profit beat

*

Futures down: Dow 0.49%, S&P 500 0.23%, Nasdaq 0.38%

(Updated at 07:02 a.m. ET/1102 GMT)

By Lisa Pauline Mattackal and Purvi Agarwal

Oct 23 (Reuters) -

U.S. stock index futures dipped on Wednesday as Treasury

yields rose, driven by concerns of a potentially less dovish

Federal Reserve, while investors focused on corporate earnings

from Coca-Cola and Starbucks ( SBUX ) to assess the health of the

economy.

Dow E-minis were down 213 points, or 0.49%, S&P

500 E-minis were down 13.75 points, or 0.23% and Nasdaq

100 E-minis were down 78.5 points, or 0.38%.

U.S. Treasury yields were trading at three-month highs,

pressuring stocks 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 data compiled by LSEG.

In earnings, Starbucks ( SBUX ) lost 4.7% after the company

suspended its annual forecast on Tuesday and reported revenue

and profit declines in preliminary fourth-quarter results.

Coca-Cola rose 1.1% in premarket trading after it

said it expects annual organic sales at the high end of its

previous range.

Tesla will be the first of the so-called

Magnificent Seven companies to report results after markets

close. Its shares slipped 0.7%.

U.S. markets are near record high levels, but a combination

of earnings, a changing monetary policy outlook and the upcoming

presidential election will test the sustainability of the recent

rally and could add some volatility to markets.

Investors are also focused on the rising chances of a second

Donald Trump administration, whose policies for spending and

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

inflation.

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

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

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

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

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.

Meanwhile, semiconductor company Texas Instruments ( TXN )

gained 3.1% after its third-quarter profit beat forecasts.

Shares of McDonald's slumped 7% after an E.coli

infection linked to the company's Quarter Pounder hamburgers

killed one and sickened many.

Qualcomm ( QCOM ) was down 3.7% after a report said Arm

Holdings is cancelling an architectural license

agreement that allows the chipmaker to use intellectual property

to design chips.

Telecom firm AT&T ( T ) was up 1.9% after

gaining

more wireless subscribers than expected in the third

quarter.