What to watch today: Stock futures drop as S&P 500 still tracks for best week since November 2020

What to watch today: Stock futures drop as S&P 500 still tracks for best week since November 2020

BY THE NUMBERS Friday as the was tracking and pacing for its best weekly performance since November 2020. With the 's first interest rate hike since 2018 out of the way, the on Thursday logged a four-session winning streak. (CNBC) * (CNBC Pro) * (CNBC) The Dow was set to break five straight losing weeks, also with its best weekly gain since November 2020. The S&P 500 and on Thursday each climbed for three straight sessions. The Nasdaq was on track to rise for the first week in the past three, with its best weekly performance since February 2021. (CNBC) St. Louis Fed President said Friday he would like to see to fight soaring inflation. dipped Friday but . The benchmark yield on Wednesday jumped to May 2019 highs of 2.24% immediately after the Fed's rate rise and signals of six more rate increases this year. (CNBC) , a source of higher prices, rose 1% on Friday, one day after a more than 8% advance as Russia's war with Ukraine continued. However, U.S. oil prices were headed for a second straight negative week, with their . (CNBC) * (CNBC) Shares of fell roughly 7.5% in premarket trading Friday, the morning