(Reuters) – U.S. stock index futures edged higher on Friday at the end of a volatile week marked by concerns around aggressive moves by the Federal Reserve to tame inflation and the ongoing Ukraine conflict.
Growth and technology stocks inched higher in premarket trading after taking a hit this week due to a surge in U.S. Treasury yields following the Fed’s plans to shrink its balance sheet. [US/]
Lenders JPMorgan Chase & Co, Bank of America Corp, Citigroup Inc and Goldman Sachs Group Inc rose more than 0.5% each.
Still, the three main indexes looked set to end the week lower, with the tech-heavy Nasdaq the worst hit after comments from Fed officials raised concerns about rapid interest rate hikes causing an economic slowdown.
Meanwhile, Bank of America strategists warned in a weekly research note the macro-economic picture was deteriorating fast…
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2022-04-08 11:57:00
