By Oliver Gray
Investing.com – U.S. stock futures were trading lower during Sunday’s evening deals, after major benchmark indices declined on Friday to post their biggest weekly declines in 5 months as a hotter-than-expected inflation print rattled risk sentiment.
By 6:45pm ET (10:40pm GMT) fell 0.5%, lost 1% and were down 1.4%.
Ahead in the week, market participants will be closely monitoring fresh data as well as the U.S. Federal Reserve , with policymakers expected to announce at least a half-point rate hike in an effort to stave off surging inflation pressures.
During Friday’s regular session, the fell 880 points or 2.7% to 31,392.8, the lost 117 points or 2.9% to 3,900.8 and the retreated 414.2 points or 3.5% to 11,340.
Investors retreated across the board as the in the U.S. unexpectedly accelerated to 8.6% in May of 2022, the highest since December of 1981 and beating market forecasts of 8.3%, while , which strips out food and energy prices also came in above estimates at 6%. At the same time, the dropped to a record low of 50.2 in June, strengthening fears of a looming recession.
On the bond markets, rates were at fresh 4-year highs of 3.159%.