Stock futures dip after S&P 500 posts 4-day losing streak

Stock futures dip after S&P 500 posts 4-day losing streak

Stock futures were lower in overnight trading Sunday after a rocky start to 2022 for equity markets as interest rates rise. Futures on the Dow Jones Industrial Average shed about 130 points, or 0.4%. S&P 500 futures dipped 0.4% and Nasdaq 100 futures lost 0.3%. The three major stock averages all fell in the first week of the year. The S&P 500 slid 0.4% on Friday for its first four-day losing streak since September. The Nasdaq Composite dropped 0.9%, also posting four straight losing days. The Dow Jones Industrial Average lost 4.81 points. Stocks, particularly high-growth names, have struggled as interest rates tick higher. The  topped 1.8% on Friday, on a run after closing 2021 at the 1.51% level. "As we kick-started 2022 this week, trading attention fell on a definitive rotation into value and pro-cyclical stocks and out of growth as investors digested a sharply higher rate environment," Goldman Sachs' Chris Hussey said in a Friday note. The rising rates come as the Federal Reserve signaled it could dial back its easy monetary policy more aggressively than some expected. Minutes from the Fed's December meeting released Wednesday showed the central bank is planning to shrink its balance sheet