US stock futures are contributing to losses after three days of declines following more rate hikes by the Federal Reserve and other central banks to contain ongoing inflation and fuel fears of a possible global recession.
Major futures indices suggest a 0.8% drop when Wall Street begins trading.
The 10-year Treasury yield, which affects mortgage rates, stood at 3.68% on Friday.
Oil prices fell amid fears of a recession and a stronger US dollar on Friday, although losses were limited by supply concerns.
West Texas Intermediate (WTI) crude futures traded around $83.00.
Brent oil futures traded around $89.00 a barrel.
For the week, TWI and Brent contracts were down 2.3% and 1.5% respectively.
In Asia, Hong Kong’s Hang Seng fell 1.2% and China’s Shanghai Composite Index fell 0.7%. The Japanese markets were closed for a holiday.
The S&P 500 lost 0.8% to 3,757.99 on Thursday. The Dow Jones Industrial Average fell 0.4% to 30,076.68 and the Nasdaq composite fell 1.4% to 11,066.81.