U.S. stock index futures were subdued on Wednesday ahead of minutes from the Federal Reserve's December meeting, even as big technology stocks continued to fall, with Salesforce.com declining after a brokerage downgrade.
Interest-rate sensitive growth shares were also under pressure from a recent rise in U.S. Treasury yields, sparked by growing angst towards the prospect of interest rate hikes by the Fed to curb inflation.
"The rising yields will be a major story of the coming months of course as the Fed is preparing to end its QE purchases and hike rates. And the Fed minutes should give some light on the Fed’s plans," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.
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