U.S. stocks are currently undergoing a significant decline, with the S&P 500 already reversing about one-third of its post-election rally.
The negative market sentiment is a result of persistent inflation concerns and hawkish remarks from the Federal Reserve, indicating a challenging environment for investors.
S&P 500 futures were down 0.6% on Friday morning, continuing the downward trend observed on Thursday. The Nasdaq 100 futures saw a decline of 0.9%, while futures linked to the Dow Jones Industrial Average fell by 0.3%.