US Futures Slide as Global Rate-Hike Wagers Surge: Markets Wrap & More Latest News Here – Up Jobs

 

US equity-index futures fell with Treasuries after a chorus of Federal Reserve officials reiterated their resolve to continue rate hikes and traders raised tightening wagers for other major central banks.

September contracts on the S&P 500 Index fell 0.7% after Thursday’s gains put the equity benchmark on course for the longest streak of weekly gains since November. Technology shares remained the weaker link, with Nasdaq 100 futures falling 1% Friday. The two-year Treasury yield advanced 5 basis points. The dollar headed for the biggest weekly rally since June 10. Bed Bath & Beyond sank 42% in New York premarket trading after a major investor sold his stake.

US Futures Slide as Global Rate-Hike Wagers Surge: Markets Wrap & Latest News Update

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