Futures for the benchmark S&P 500 index slipped 0.7% before the bell, while futures for the Dow Jones Industrial Average lost 0.5%.
Shares of Tyson Foods tumbled nearly 5% after the poultry producer's profit came in well short of Wall Street targets. The data dampened investor hopes that lower inflation might persuade the Fed and other central banks to ease off plans for more rate increases. They worry central bankers might be willing to tip the global economy into recession to stop inflation that is near multi-decade highs.
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