US Futures was poised for another day of losses amid mounting concerns about the health of the broader economy and signs that Federal Reserve officials do not see rate hikes pausing any time soon. S&P 500 futures turned sharply lower, reversing earlier gains of about 0.3%. Contracts on the tech-heavy Nasdaq 100, whose constituents tend to be more sensitive to interest rate moves, lost 0.6%, as US 10-year Treasury yields rose further, following indications from Fed officials on Wednesday that policy would tighten further. The dollar rallied half a percent against a basket of currencies. A rally in chip stocks […]
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