Stocks may move to the downside in early trading on Friday, extending the sharp pullback seen over the course of the previous session. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.5 percent.
Concerns about the outlook for interest rates may continue to weigh on Wall Street amid worries the Federal Reserve may need to raise rates higher than currently anticipated in order to bring down inflation.
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