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Stock Futures Drop Ahead of Powell’s Comments – The Wall Street Journal

The S&P 500 is on track for a third day of declines as investors await Fed chair’s comments on inflation prospects and rising bond yields

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U.S. stock futures edged lower Thursday as investors awaited comments from Federal Reserve Chairman
Jerome Powell
about the outlook for inflation and the central banks views on rising bond yields. Futures tied to the S&P 500 ticked down 0.4%, suggesting that the benchmark may drop for a third consecutive day after the opening bell. Contracts linked to the Nasdaq-100 ticked down 0.6%, pointing to further losses for technology stocks. Dow Jones Industrial Average futures edged down 0.3%.A recent selloff…

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