Wall Street is pointing toward a third straight day of losses and global markets are falling as well, the Associated Press reports.
Futures for the S&P 500 slipped 0.4%, while the Dow Jones Industrial Average lost 0.1%. Nasdaq futures are off 0.8%.
ChargePoint Holdings, the electric vehicle charging network, fell nearly 11% in premarket after it posted nearly double the loss Wall Street had projected. Artificial intelligence software company C3.ai fell 10% after it missed revenue targets and offered up a weak forecast. Video game retailer GameStop rose about 3.5% early after it beat sales targets and posted a much smaller loss than analysts were expecting.
Lingering in the background are inflation and interest rates, which the Fed has boosted in an effort to bring down prices. Investors have been hoping that the Fed might moderate interest rate increases going forward with inflation trending downward for months.
In other trading today, U.S. benchmark crude oil fell 47 cents to $87.07 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the pricing basis for international trading, was down 40 cents to $90.20 a barrel.
The U.S. dollar fell to 147.35 from 147.66 Japanese yen late Wednesday.
Treasury yields inched back down after climbing a day earlier.
On Wednesday, the S&P 500 dropped 0.7% and the Dow industrials shed 0.6%. The Nasdaq gave back 1.1%. Big technology stocks were among the biggest drags on the market, with Apple and Nvidia each losing more than 3%.
