Stocks are likely to come under pressure in early trading on Friday, extending the pullback seen in the previous session. The major index futures are currently pointing to a sharply lower open for the markets, with the S&P 500 futures down by 1 percent.
The futures saw further downside following the release of a Labor Department report showing producer prices in the U.S. increased by more than expected in the month of January.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.