Stocks are likely to move to the downside in early trading on Friday, extending the pullback seen over the past several sessions. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 131 points.
Concerns about the possibility of tighter monetary policy triggering a global recession are likely to continue to weigh on the markets.
Central banks from around the world have signaled their intent to continue to raising interest rates in an effort to fight inflation while acknowledging they can't guarantee a "soft landing" for the economy.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.