U.S. stock futures and world shares fell on Friday morning after Wall Street’s main indexes suffered their biggest decline in four weeks on Thursday sparked by a hot inflation report and hawkish comments by Federal Reserve officials and investment bank bets on bigger interest rate hikes.
On Friday morning, shares slipped in Europe and Asia, as did stock futures in the United States, building on Thursday’s sharp declines on the major U.S. averages.
By closing bell Thursday, the Dow Jones Industrial Average dropped 431.20 points, or 1.26 percent, to end the session at 33,696.85. The benchmark S&P 500 dropped 1.38 percent to 4,090.41, while the tech-heavy Nasdaq Composite fell 1.78 percent to close at 11,855.83….