"The underlying worries about just how high rates will have to go are bubbling to the surface again, following yesterday's exuberance over indications that disinflationary forces were taking hold," Susannah Streeter, markets analyst at Hargreaves Lansdown, said. FEDWATCH Walt Disney Co DIS.N, CVS Health Corp CVS.N, Uber Technologies Inc UBER.N and Yum Brands Inc YUM.N will report their quarterly earnings later in the day. U.S. equities have had a strong start in 2023, after taking a hit last year, led by battered megacap growth stocks on optimism the Fed will temper its aggressive rate hikes.