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US stock futures went up early Friday after the Dow dropped for the sixth day in a row.
Dow Jones Industrial Average futures increased 1.14 %. The S&P 500 futures ticked up 1.49 % and the Nasdaq futures climbed 2.22 %.
During the regular trading on Thursday, The Dow Jones Industrial Average extended its losses for the sixth day in a row. The blue-chip index fell 103.81 points, or 0.3%, to end at 31,730.30, about 500 points off the session’s low.
The S&P 500 slipped by 5.10 points, or 0.1%, closing at 3,930.08. Meanwhile, the Nasdaq Composite crawled up by 6.73 points, or 0.1%, to finish at 11,370.96.
High inflation, and the Federal Reserve's attempts to restrain prices by hiking rates, are one reason why equities have suffered in recent months.
The US Federal Reserve boosted the short-term interest rate by half a percentage point, or 50 basis points, last week, and announced plans to reduce its $9 trillion asset portfolio.
Picture Credits: CNN
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