US stock futures showed minimal movement as investors awaited inflation data. On Thursday, the Dow Jones Industrial Average experienced a decline, mirroring losses in the S&P 500 and Nasdaq, contributing to a three-day losing streak for the major indices. Stronger-than-anticipated economic data tempered expectations for significant Federal Reserve rate cuts, impacting market sentiment.
- The Dow slipped 0.38% on Thursday.
- This decline marked the third consecutive day of losses for the Dow.
- Rising Treasury yields, reaching a three-week high, added downward pressure on stocks.
The Dow’s performance is currently being weighed down by broader market concerns surrounding the Federal Reserve’s monetary policy outlook. The latest economic data is indicating a resilient economy, reducing the likelihood of aggressive interest rate cuts. This uncertainty is creating headwinds for the Dow, with rising bond yields further compounding the pressure on equities.