US stock market LIVE updates: Nasdaq, S&P 500 futures fall up to 1% as bond sell-off lifts Fed rate hike bets

US stock market LIVE updates: US stock futures indicate a negative market opening, with the Nasdaq down 1%. Rising Treasury yields, following strong PMI data, heighten expectations for another Federal Reserve rate hike.US stock market LIVE updates: US stock futures indicate a negative market opening, with the Nasdaq down 1%. Rising Treasury yields, following strong PMI data, heighten expectations for another Federal Reserve rate hike. 

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