US Futures Slide as Global Rate-Hike Wagers Surge: Markets Wrap

US equity-index futures fell with Treasuries after a chorus of Federal Reserve officials reiterated their resolve to continue rate hikes and traders raised tightening wagers for other major central banks.

September contracts on the S&P 500 Index fell 0.5% after Thursday’s gains put the equity benchmark on course for the longest streak of weekly gains since November. Technology shares remained the weaker link, with Nasdaq 100 futures falling 0.6% Friday. The two-year Treasury yield advanced 7 basis points. The dollar headed for the biggest weekly rally since June 10. European stocks opened lower.

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