The New York Stock Exchange is in New York City.
Stock futures were lower in the early hours of Sunday after a rocky start to the year for equity markets.
The futures on the Industrial Average fell. The S-P 500 and the Nasdaq 100 futures were both down.
The major stock averages fell in the first week of the year. The S&P 500 lost ground for the first time in four days on Friday. Four straight losing days were posted by the index. The average lost points.
High-growth stocks have struggled as interest rates have gone up. The 10-year Treasury yield went up to 1.8% on Friday, on a run after closing at 1.51%.
Chris Hussey of Goldman said in a Friday note that trading attention fell on a rotation into value and pro-cyclical stocks and out of growth as investors digest a sharply higher rate environment.
The Federal Reserve signaled that it could dial back its easy monetary policy more aggressively than expected. The minutes from the Fed's December meeting show that the central bank is going to shrink its balance sheet.
Key inflation reports in the week ahead are what investors are waiting for. The consumer price index and producer price index will be released on Wednesday and Thursday, respectively.
The Senate panel will hear from Federal Chair Powell on Tuesday, while the Fed Governor Lael Brainard will testify on Thursday.
Financial giants Citigroup, Wells Fargo and JP Morgan Chase will release their quarterly results Friday.
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