"All of the major indices closed lower again on Friday, with the Russell 2000 leading the way, finishing the session down 2.61% at 2,429, and is now officially in correction territory."
"The recent rise in inflation and the growing belief across Wall Street that interest rate cuts may be off the table until the summer have contributed to the selling."
"Despite the United States trying in numerous ways to increase supply and distribution, oil traded higher on Friday but backed off from levels reached earlier in the day."
"Gold and Silver both continued the epic slide that started in earnest about a month ago, on Friday, reflecting ongoing market volatility."
Futures are lower as the stock market continues to struggle with persistent issues. Major indices closed down, with the Russell 2000 in correction territory. The Nasdaq and S&P 500 also fell, raising concerns about further selling. Treasury yields rose due to inflation and expectations of no interest rate cuts this year. Oil prices increased despite U.S. efforts to boost supply, with Brent crude and West Texas Intermediate both rising. Gold and silver prices continued to decline, reflecting ongoing market volatility.
Read at 24/7 Wall St.
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