Loss of confidence in Saint Mary's leadership | SaltWire - U.S. stock index futures traded in a tight range on Friday as investors awaited earnings reports from big U.S. banks to gauge how corporate America has been faring in the current high interest rate environment.
The Dow and the S&P 500 eye weekly losses as sentiment was roiled this week following a hotter-than-anticipated inflation reading, which pushed traders to scale back their enthusiasm around the U.S. Federal Reserve cutting interest rates, while the tech-heavy Nasdaq was on track for its first weekly gain in three.
Money market participants see a more than 50% chance of the Fed bringing in the first interest rate cut in July, according to the CME FedWatch Tool.
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