Shares of GameStop Corp GME.N dropped 4.1% ahead of the company's fourth-quarter results due after markets close. Rates edged lower as Federal Reserve Chair Jerome Powell told U.S. lawmakers that a coming round of post-pandemic price hikes will not fuel a destructive breakout of persistent inflation - fears that had driven a recent spike in yields. Conversely, technology-related shares that had recently declined sharply on the rising rate environment have recuperated a bit as yields eased, said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.