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Wall Street set to open lower from MLK holiday as bond yields rise

Wall Street set to open lower from MLK holiday as bond yields rise

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6.30am: US stocks seen opening down US stocks are expected to start trade lower as markets reopen following the Martin Luther King Jr Day holiday to rising bond yields and expectations of higher interest rates come March.  Futures for the Dow Jones Industrial Average fell 0.75% in Tuesday pre-market trading, while the broader S&P 500 index shed 1.15% and those for the tech-heavy Nasdaq 100 sank 1.79%.

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