US STOCKS-S&P 500, Nasdaq set to bounce back after rout

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* Tech-focused stocks rebound
* Energy stocks slip as oil prices slide
* Banks stocks drop as U.S. bond yields ease
* Futures: Dow flat, S&P up 0.4%, Nasdaq rises 0.9%

(Adds comment, details; updates prices)
By Devik Jain and Medha Singh
Feb 26 (Reuters) - Futures tracking the S&P 500 were subdued
on Friday following a sharp pullback on Wall Street as
tech-related stocks rebounded but sentiment remained fragile,
with U.S. bond yields at one-year high.
Shares of Apple Inc AAPL.O , Amazon.com Inc AMZN.O ,
Microsoft Corp MSFT.O and Alphabet Inc GOOGL.O edged up in
premarket trading, but were headed for their worst week in
months.
The benchmark 10-year U.S. Treasury yield US10YT=RR eased
to 1.478% after jumping 1.614% overnight, roiling stock markets.
Wall Street's fear gauge .VIX hovered at a one-month high.
US/
"If rates continue to move that quickly, the markets
wouldn't like that," said Eric Diton, President and Managing
Director at The Wealth Alliance in New York.
"I don't see reasons for panic out there. This is simply a
normal overdue pullback."
The Nasdaq on Thursday notched its worst daily percentage
drop since October. The major averages were knocked off their
all-time highs last week after a sharp rise in U.S. Treasury
yields triggered a selloff in some of the mega-cap technology
stocks.
Tech stocks are particularly sensitive to rising yields
because their value rests heavily on future earnings, which are
discounted more deeply when bond returns go up.
The Dow is poised for its best month since November 2020 as
investors bought into cyclical companies set to benefit from an
economic reopening, while the tech-laden Nasdaq remains on track
to wipe out nearly all of its gains for the month.
At 09:11 a.m. ET, Dow E-minis 1YMcv1 were down 13 points,
or 0.04% and S&P 500 E-minis EScv1 were up 15.75 points, or
0.41%. Nasdaq 100 E-minis NQcv1 were up 116.25 points, or
0.91%.
Data on U.S. personal consumption, which includes one of the
Federal Reserve's favored inflation measures, showed core
inflation rose to 0.3% last month from 0.2% in December.
Stimulus will be back in focus as the Democratic-controlled
U.S. House of Representatives aims to pass President Joe Biden's
$1.9 trillion coronavirus aid bill on Friday in what would be
the first major legislative victory of his presidency.
U.S. banks Citigroup Inc C.N , Bank of America Corp
BAC.N , JPMorgan Chase & Co JPM.N and Goldman Sachs GS.N
dropped about 1% while energy companies Chevron Corp CVX.N ,
Exxon Mobil Corp XOM.N shed about 2% each as oil prices
slipped. O/R
GameStop Corp GME.N jumped 11% as retail investors pushed
up the stock in a renewed rally that could see it clock its
second best week. Salesforce.com Inc CRM.N slipped about 1.3% as the online
software company forecast full-year profit below market
expectations.