U.S. stock futures fell and bond yields largely rose, suggesting that the volatility driven by higher-than-expected inflation data would extend into a second day.
Futures tied to the S&P 500 declined 0.5% Friday, suggesting the broad index is set to fall further after it closed down 1.8% Thursday. Nasdaq-100 futures retreated 0.6%, indicating losses for technology stocks after the opening bell. Dow Jones Industrial Average futures pulled back 0.4%.
Stocks have traded choppily this week, buffeted by earnings reports and shifting expectations about the prospective pace of central banks’ monetary tightening. Data on Thursday showed that U.S. inflation hit 7.5% in January, a four-decade high. A Federal…
