Stocks are likely to come under pressure in early trading on Friday, extending the sharp pullback seen over the two previous sessions. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 330 points.
The downward momentum on Wall Street comes amid ongoing concerns about the outlook for interest rates and the economy.
The Fed's hawkish tone in Wednesday's monetary policy announcement has added to worries about the central bank's aggressive rate hikes tipping the economy into a recession.
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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.