India, June 24 -- US stock futures moved sharply lower on Wednesday as investors weighed the impact of elevated Treasury yields and growing concerns about slowing global economic growth. Futures tied to the S&P 500 fell around 1.5%, while Nasdaq-100 futures dropped more than 2.7%, signalling a cautious start for Wall Street. The market mood remains pressured by higher borrowing costs and uncertainty over the Federal Reserve's next interest-rate decision.

Treasury Yields Keep Investors on Edge

The benchmark US 10-year Treasury yield remained near 4.5%, a level that continues to raise concerns about financing costs for consumers and businesses. Higher yields have also intensified speculation that the Federal Reserve could consider another...