Futures signaled a weak start for Wall Street‘s main indexes on Wednesday as bond yields continued to rise with investors pricing in aggressive moves by the Federal Reserve to suppress inflation. The technology-heavy Nasdaq index marked its seventh straight session of declines on Tuesday – its longest losing streak since November 2016 – while the benchmark S&P 500 and the blue-chip Dow closed at a seven-week low. Meanwhile, data this month highlighted momentum in U.S. business activity and labor market, prompting traders to place bets on a 75 basis point interest rate hike by the Fed later this month. Fed …
