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Futures down: Dow 0.32%, S&P 500 0.36%, Nasdaq 0.44%

Oct 22 (Reuters) - U.S. stock index futures fell on

Tuesday, as a selloff in bonds pushed Treasury yields higher,

pressuring rate-sensitive stocks, while investors awaited a

deluge of corporate earnings for a clearer market direction.

At 5:05 a.m. ET, Dow E-minis were down 138 points,

or 0.32%, U.S. S&P 500 E-minis were down 21.5 points, or

0.36%, and Nasdaq 100 E-minis were down 92.5 points, or

0.44%.

U.S. Treasury yields rose across the board, as investors

gauged the impact of the upcoming presidential election on

fiscal policy, while reassessing the effect of a robust American

economy on the Federal Reserve's policy trajectory.

The yield on the benchmark 10-year note rose as

high as 4.222%, continuing a steady climb higher since early

October, after a bumper jobs report led investors to dial back

expectations for monetary policy easing through the year.

Traders are pricing in an 89% chance of a 25-basis-point

interest-rate cut in November, according to CME's FedWatch.

Rate-sensitive megacap stocks slipped in premarket trading,

with Tesla down 0.7%, Apple ( AAPL ) falling 0.3% and

Nvidia ( NVDA ) losing 0.5%.

The primary focus, however, remained on corporate earnings,

with more than 100 companies set to report this week.

General Motors ( GM ), 3M ( MMM ) and Verizon are

among those scheduled to report before the bell, while Baker

Hughes ( BKR ) and Texas Instruments ( TXN ) are awaited after

market close.

BCA Research analysts said they expected third-quarter

earnings to be strong enough to support hopes for a soft landing

for the economy.

"Earnings season will also provide useful information on the

US economy and consumer spending, the global growth slowdown,

and the breadth of earnings growth outside of the mega-cap

names."

Stocks retreated from record highs on Monday, as investors

took a breather following six consecutive weeks of advances for

major indexes, although gains in Nvidia ( NVDA ) helped the Nasdaq edge

higher.

While indexes have rallied on the back of upbeat data and a

favorable monetary policy outlook, the next few weeks are likely

to be a volatile ride for equity markets, as investors assess

earnings, fresh economic data and the results of the U.S.

election in two weeks, followed by a central bank meeting.

Estimated third-quarter year-over-year earnings growth for

the S&P 500 is 6.5% excluding the Energy sector and 4%

overall, according to LSEG data.

Futures tracking the economically sensitive small-cap

Russell 2000 lost 0.6%.

Remarks from Philadelphia Fed President Patrick Harker are

expected later in the day.