US STOCKS-Wall St set for lower open as Fed hawkishness lifts yields, growth stocks fall

Wall Street's main indexes were poised for a weak open on Thursday as a jump in Treasury yields knocked down growth stocks after the Federal Reserve signaled that another rate hike was in the offing this year. Rate-sensitive stocks including Tesla, Meta Platforms, Amazon.com, Alphabet, and Nvidia fell between 1.9% and 2.5% in premarket trading as the two-year and 10-year Treasury yields scaled multi-year highs.