U.S. stock futures fell Thursday morning as investors weighed the potential economic costs of the Federal Reserve’s ongoing fight with inflation.
Contracts on the S&P 500 fell by more than 2% in early trading, reversing course after rising 1.5% on Wednesday. Contracts on the Nasdaq declined by more than 2.5%, and Dow futures sank by more than 500 points, or 1.8%. The 10-year Treasury yield rose to about 3.44%, hovering near its highest level since 2011.
Stocks, which moved initially to the…
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