US stock futures extended losses on Friday as a rally in Treasury yields continued to pressure equities, with the benchmark 10-year US yield briefly touching 5% for the first time since 2007. In extended trading, SolarEdge plunged 20% after lowering its third quarter revenue guidance, while Knight-Swift Transportation gained 13% after beating forecasts on the top and bottom lines. In regular trading on Thursday, the Dow fell 0.75%, the S&P 500 dropped 0.85% and the Nasdaq Composite tumbled 0.96%, with ten out of the 11 S&P sectors ending lower led to the downside by real estate, consumer discretionary and financials. Federal Reserve Chair Jerome Powell said on Thursday that inflation remains too high and lower economic growth will likely be needed to bring it down. Markets are still expecting the Fed to hold rates steady in November, but are anticipated to remain elevated for an extended period.