Stock futures drop as rate hike expectations rekindle
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Stock futures slipped as hopes fade that the Fed won't hike rates again this year. Dow and S&P futures down 0.3%, Nasdaq futures fell 0.2%.
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Weaker economic signs suggested the Fed could ease up on rate hikes, but investors reassessing after Minneapolis Fed president said more tightening likely needed.
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Investors awaiting hints on policymakers' thinking from Kansas City and Dallas Fed heads on Tuesday, and Fed Chair Powell later in the week.
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Fresh Fed doubts clouded oil outlook, pushing crude prices below $80 a barrel despite prospect of Saudi and Russian supply cuts.
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Earnings season continues with Uber, Rivian, and Disney results ahead. WeWork filed for bankruptcy after once-valuable startup struggled with expensive leases.