Treasury yields rise ahead of the unveiling of President Biden's infrastructure plan; Walgreens and Micron report earnings; Jim Cramer has questions about ARK's new space ETF.

Cloud services provider Verint saw its shares jump in after-hours trading Wednesday on an equity stake of up to $400 million as part of a plan to split into two separate companies.

Company sets $300 million share buyback program in addition to private equity investment of up to $400 million.

Verint Systems rises after the company raises fiscal 2020 earnings guidance.

U.S. stock futures are lower, with investors pointing to trade tensions between Washington and its major economic allies as catalysts for the declines; Twitter CEO Jack Dorsey and Facebook Chief Operating Officer Sheryl Sandberg are due to testify on Wednesday before the U.S. Senate Select Committee on Intelligence; Workday slumps; Toyota to recall 1 million vehicles.

"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.

"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.

Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.